Mithra Reports Full Year 2019 Financial Results

  • Record revenue (EUR 96.5 million) and EBITDA (EUR 40.7 million) increased respectively by 47% and 6%, mainly driven by U.S. deal for Estelle®
  • Anticipated future licensing milestones for Estelle® of EUR 322 million (out of a total of EUR 486 million)
  • Net loss significantly reduced to EUR 26.6 million (EUR 89.7 million in June 2019) thanks to successful earnout renegotiation and landmark deal with Mayne Pharma for Estelle®
  • Strengthening of book equity to EUR 163.3 million thanks to earnout renegotiation
  • Continued good cash management with comfortable level of cash at year-end
  • Key milestones achieved for environmental-friendly E4-based portfolio pipeline, with successful launch of Phase III study of Donesta® in menopause and regulatory submission of Estelle® in Europe
  • Valuation of business entity for clinical development projects based on E4 in 2020


Liege, Belgium, 09 March 2020 – 7:30  CET
– Mithra (Euronext Brussels: MITRA), a company dedicated to Women’s Health, today announces its financial results for the year ended 31 December 2019, prepared in accordance with IFRS.