Currency takes toll on Roche first-half results

24 July 2014

Swiss pharma major Roche (ROG: SIX), the world’s leading oncology company, this morning posted first-half 2014 financial results, showing that the strength of the Swiss franc against other currencies had a negative impact, despite rising sales of its new cancer drugs.

Sales for the six months dipped 1% to 22.97 billion francs ($25.46 billion), although at constant exchange rates, revenue increased 5%. This was just below forecasts 22.98 billion francs of analysts polled by Reuters. Roche’s shares edged 1.4% higher to 270.20 in early trading.

Core EPS beats forecasts

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