Sanofi posts flat 1st-qtr sales but earnings up and beat expectations

29 April 2016

French pharma major Sanofi (Euronext: SAN) today posted first-quarter 2016 financials, with sales of 8.54 billion euros ($9.47 billion), almost flat (+0.7%) from last year or down 1.9% on a constant exchange rate basis. This was below analysts’ consensus forecast for 8.63 billion euros. The company’s shares were down 3.28% at 73.69 euros in late morning trading.

Earnings per share were up 1.5%, or 5.3% on a CER basis, at 1.34 euros, versus expectations for 1.29 euros. Net income for the quarter dipped 0.2% (+3.5% at constant exchange rates) at 1.72 billion euros.

Full-year 2016 guidance

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