Sanofi outpaces expectations in third quarter 2024
Sanofi (Euronext: SAN) reported 15.7% sales growth for the third quarter of 2024 reaching 13.4 billion euros ($14.2 billion), with adjusted earnings per share (EPS) rising by 12.2% to 2.86 euros, surpassing many forecasts.
The French pharma major's performance led to an EPS guidance increase for the full year, with the firm citing robust product sales and operational efficiencies.
Growth was driven by a surge in vaccine revenues, including early flu vaccine sales and a significant boost from Beyfortus (nirsevimab). Dupixent (dupilumab) sales also grew strongly, up 23.8%, contributing to an annual sales target of around 13 billion euros.
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