Diabetes scourge swells 1st-qtr revenues at insulin giant

2 May 2018

Diabetes care giant Novo Nordisk (NOV: N) saw a near 6% bump in share price in Copenhagen this morning, after the world’s leading insulin provider released positive first-quarter 2018 financial results driven by rising diabetes rates worldwide.

The company took in 26.9 billion Danish kroner ($4.3 billion) in sales for the quarter, slightly ahead of analysts’ expectations.

Compared with the same period last year, Novo managed a 6% increase in net profit to 10.8 billion Danish kroner. Earnings per share increased by 8% to 4.40 Danish kroner.

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