Galapagos 1H Revenue €328.8M Vs €274M YoY

First half-year 2023 financial highlights (unaudited) (€ millions, except basic & diluted income/loss (-) per share)   Six months ended 30

First half-year 2023 financial highlights (unaudited)

(€ millions, except basic & diluted income/loss (-) per share)

  Six months ended

30 June

Change
  2023 2022
Product net sales 54.3 35.4 +54%
Collaboration revenues 274.5 238.6 +15%
Total net revenues 328.8 274.0 +20%
Cost of sales (7.8) (5.5) +41%
R&D expenditure (211.9) (249.5) -15%
G&Aii and S&Miii expenses (121.6) (134.0) -9%
Other operating income 23.8 17.6 +35%
Operating profit/loss (-) 11.3 (97.5)  
Fair value adjustments and net currency exchange differences 0.2 71.9  
Net other financial result 30.4 (4.3)  
Income taxes (13.6) (2.5)  
Net profit/loss (-) of the period 28.3 (32.3)  
Basic and diluted income/loss (-) per share (€) 0.43 (0.49)  
Current financial investments and cash and cash equivalents 3,874.9 4,429.0  
Total
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