Novartis

Novartis

21 July 2015

Important legal information

Novartis Profit drops but Q2/15 results more or less in line

The world’s biggest drugmaker by sales reported core operating income slightly light vs consensus (2% below) of USD 3.59 Bn. Second quarter earnings had a 7% decline due to the sales eroding strength in the US-dollar. Net profit was USD 1.8 Bn dollar compared to USD 2.6 Bn in Q2/14 last year. Earnings per share show a slight miss versus consensus. Main products posted strong revenue growth. For Alcon, the guidance was revised downwards to low-single digit sales growth on slow-down in emerging markets and contact lens care. Sandoz guidance was revised upward to high-single-digit sales growth. Gains in the generics unit were not able to compensate weakness in the Alcon business.

According to CEO Joe Jimenez operations with regard to product innovations and new developments were solid. He referred to the potential blockbuster permission of Entresto and the approval of the generic drug Glatopa in the US. However, the management reiterated the existing full-year forecast for operating income as well as for sales.

 

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08/12/2022 21:06:40