SOBI rallies after Q1 sales beat estimate
** Swedish Orphan Biovitrum's SOBIV.ST shares rise around 8% to their highest since early February after the pharmaceutical group'sQ1 sales beat estimates
** SOBI reported Q1 sales of SEK 6.26 billion, a beat of about 11% according to LSEG data, mostly driven by Haematology franchise sales growth of 46% year on year
** Q1 EBIT came in at SEK 1.31 billion, SEK 100 million ahead of estimate
** "Given the notable strength of Q1 results, particularly the sales result, guidance looks increasingly conservative," RBC says about reiterated outlook for 2024
** The stock is among top rises on pan-EuropeanSTOXX 600 .STOXX index; if gains persist, it will see its best day since September 2021
Reporting by Anna Chaberska
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