Investors relish Sanofi's return to growth and better guidance

31 October 2018

There were plenty of reasons to be cheerful at Sanofi (Euronext: SAN) on Wednesday as the company presented its third-quarter 2018 results.

Shares in the French drugmaker were up nearly 5% in the early afternoon as markets digested results that showed a return to sales growth and prompted the company to improve its earnings-per-share estimate for the full year.

Using international financial reporting standards (IFRS), net sales for the quarter were 9.32 billion euros ($10.6 billion), an increase of 3.7%, on a reported basis, compared to the same period in 2017.

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Chairman, Sanofi Aventis UK