Roche reports strong growth in the first nine months, boosted by diagnostics

20 October 2021

Roche’s (ROG: SIX) shares were down 1.5% to 390.80 francs in early trading, as the Swiss pharma giant released sales figures for the first nine months of 2021.

Group sales increased by 8% (6% in francs) to 46.7 billion francs ($50.6 billion) in the reporting period, boosted by a strong performance in its diagnostics business. Roche does not release earnings figures on a quarterly basis.

Pharmaceuticals Division sales remained stable at 33.4 billion francs. Since summer there have been signs of recovery from the COVID-19 pandemic and the biosimilar impact is slowing down as expected (Pharma sales: -9% in the first quarter, +4% in the second quarter and +5% in the third quarter).

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