Guidance Update
Dublin, Ireland - January 14, 2014 - Shire plc (LSE: SHP, NASDAQ: SHPG)
Dr. Flemming Ornskov, Chief Executive Officer of Shire, will address investors
today, Tuesday, January 14, 2014, at the JP Morgan Healthcare Conference in San
Francisco. In his address he will confirm that Shire finished 2013 strongly,
having successfully performed a strategy shift and introduced greater
operational discipline. Shire now expects to deliver Non GAAP EPS growth at the
upper end of the mid-to-high teens guidance range that was given at its Q3 2013
results (October 24, 2013).
As we look forward, Shire remains confident of delivering Non GAAP EPS for 2014
in line with the November 2013 consensus forecast(1) (excluding ViroPharma).
Shire will update its 2014 guidance during the Q4 2013 earnings call on
February 13, 2014. During this call Shire will also outline the accretive
benefits of the ViroPharma acquisition, if the deal has closed at that point.
Flemming's presentation will be webcast live today, Tuesday, January 14, 2014
at 07:30 am Pacific Time (15:30 GMT).
Investors can access the live webcast here
http://jpmorgan.metameetings.com/confbook/healthcare14/directlink?ticker=SHP+LN
(1) Based on the 2014 consensus estimates compiled by Consensus Forecast Ltd,
posted on Shire.com on November 11, 2013, of $8.54 Non GAAP diluted earnings
per ADS for the year ended December 31, 2014, included on Shire's website
(http://www.shire.com/shireplc/en/investors/forecasts).
For further information please contact:
Investor Relations
Eric Rojas erojas@shire.com +1 781 482 0999
Sarah Elton-Farr seltonfarr@shire.com +44 1256 894157
Media
Jessica Mann jmann@shire.com +44 1256 894 280
Gwen Fisher gfisher@shire.com +1 484 595 9836
NOTES TO EDITORS
Shire enables people with life-altering conditions to lead better lives.
Our strategy is to focus on developing and marketing innovative specialty
medicines to meet significant unmet patient needs.
We provide treatments in Neuroscience, Rare Diseases, Gastrointestinal,
Internal Medicine and Regenerative Medicine and we are developing treatments
for symptomatic conditions treated by specialist physicians in other targeted
therapeutic areas.
www.shire.com
FORWARD - LOOKING STATEMENTS - "SAFE HARBOR" STATEMENT UNDER THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995
Statements included in this announcement that are not historical facts are
forward-looking statements. Forward-looking statements involve a number of
risks and uncertainties and are subject to change at any time. In the event
such risks or uncertainties materialize, Shire's results could be materially
adversely affected. The risks and uncertainties include, but are not limited
to, that:
* Shire's products may not be a commercial success;
* revenues from ADDERALL XR are subject to generic erosion;
* the failure to obtain and maintain reimbursement, or an adequate level of
reimbursement, by third-party payors in a timely manner for Shire's
products may impact future revenues and earnings;
* Shire relies on a single source for manufacture of certain of its products
and a disruption to the supply chain for those products may result in Shire
being unable to continue marketing or developing a product or may result in
Shire being unable to do so on a commercially viable basis;
* Shire uses third party manufacturers to manufacture many of its products
and is reliant upon third party contractors for certain goods and services,
and any inability of these third party manufacturers to manufacture
products, or any failure of these third party contractors to provide these
goods and services, in each case in accordance with its respective
contractual obligations, could adversely affect Shire's ability to manage
its manufacturing processes or to operate its business;
* the development, approval and manufacturing of Shire's products is subject
to extensive oversight by various regulatory agencies and regulatory
approvals or interventions associated with changes to manufacturing sites,
ingredients or manufacturing processes could lead to significant delays,
increase in operating costs, lost product sales, an interruption of
research activities or the delay of new product launches;
* the actions of certain customers could affect Shire 's ability to sell or
market products profitably and fluctuations in buying or distribution
patterns by such customers could adversely impact Shire's revenues,
financial conditions or results of operations;
* investigations or enforcement action by regulatory authorities or law
enforcement agencies relating to Shire's activities in the highly regulated
markets in which it operates may result in the distraction of senior
management, significant legal costs and the payment of substantial
compensation or fines;
* adverse outcomes in legal matters and other disputes, including Shire's
ability to obtain, maintain, enforce and defend patents and other
intellectual property rights required for its business, could have a
material adverse effect on Shire's revenues, financial condition or results
of operations;
and other risks and uncertainties detailed from time to time in Shire's filings
with the U.S. Securities and Exchange Commission, including its most recent
Annual Report on Form 10-K.
Registered in Jersey, No. 99854, 22 Grenville Street, St Helier, Jersey JE4 8PX
Press Release
www.shire.com