Novo Nordisk's 1st-qtr 2024 sales increased 22%

2 May 2024
novo_nordisk_flags_large

Danish diabetes giant Novo Nordisk (NOV: N) today reported financial results for the first quarter of 2024, noting that sales increased by 22% in Danish kroner and by 24% at constant exchange rates to 65.3 billion kroner ($9.35 billion), almost 2 billion-kroner higher than forecast by analysts surveyed by Bloomberg and financial data firm FactSet.

Operating profit increased by 27% in kroner and by 30% at constant exchange rates (CER) to 31.8 billion kroner. Notwithstanding the positive results, Novo Nordisk’s shares dipped 2.4% to 876.00 kroner by mid-morning.

Sales in North America Operations increased by 34% in kroner (35% at CER). Sales growth in the USA was positively impacted by gross-to-net sales adjustments related to prior years. Sales in International Operations increased by 8% in kroner (11% at CER).

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Pharmaceutical