Roche still resilient to biosimilars, but 2016 sales and profit just miss

1 February 2017
roche-big

Swiss pharma giant Roche (ROG: SIX) posted full-year 2016 financial results this morning, showing group sales up 4% at constant exchange rates (+5% Swiss francs) at 50.58 billion Swiss francs ($50.68), just missing analysts’ expectations of 50.7 billion francs.

Pharmaceutical Division sales were up 3% (+5% SwF) at 39.20 billion francs, with several of its top-selling drugs continuing to prosper amid less generic competition than those of its rivals. Diagnostics Division sales were 11.47 billion francs, a rise of 7% (+6% SwF).

Core operating profit came in at 18.42 billion francs, a rise of 4% (+5% SwF) and core earnings per share were 14.53, a rise of 5% (+8% SwF). Core net income in 2016 rose to 12.7 billion francs, Roche said, slightly below the 12.8 billion franc average estimate by analysts in a Reuters poll. Roche shares up 1.37% at 236.00 francs in morning trading.

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