Financial information

During the first half 2010, Actelion's total net revenues increased by 20 percent to CHF 1,024.9 million (H1 2009: CHF 855.2 m). In local currencies, total net revenues increased by 23 percent compared to the same period last year.

Contract revenues for the first half of 2010 amounted to CHF 91.7 million (H1 2009: CHF 32.0 m).

During first half 2010, operating expenses were CHF 698.2 million (H1 2009: CHF 612.4 m).

During the same period, research and development expenses increased by 11 percent to CHF 233.2 million (H1 2009: CHF 209.6 m).

Selling, general and administrative expenses for the first half of 2010 amounted to CHF 342.6 million (H1 2009: CHF 299.6 m), an increase of 14 percent.

Actelion's operating profit for the first half of 2010 was CHF 326.6 million (H1 2009: CHF 242.9 m).

For the first half of 2010, Actelion reported a Non-GAAP EBIT of CHF 405.1 million, an increase of 33 percent compared to the previous year. In local currencies, Non-GAAP EBIT increased by 39 percent. Adjusted (non-US GAAP) diluted earnings per share for the first half 2010 were CHF 2.74, compared to CHF 2.31 during the same period last year.

The Non-GAAP Operating Income excludes charges such as In-Process R&D, charges related to employee stock options under FAS 123R, non-cash depreciation and amortization charges as well as other one-off items which would distort comparative analysis.