Roche’s strong sales growth continues
Swiss pharma giant Roche (ROG: SIX) this morning reported that, in the first nine months of 2024 group sales increased by 6% at CER (2% in francs) to 45.0 billion francs ($52.0 billion), driven by strong demand for its novel medicines as well as diagnostic products including immunodiagnostic, pathology and molecular solutions more than offset the anticipated decline in COVID-19-related sales and the impact of biosimilar/generic erosion.
Third quarter group sales of 15.14 billion francs ($17.46 billion) surpassed an analysts' consensus estimate of 14.9 billion francs, based on LSEG data.
The appreciation of the Swiss franc against most currencies had an adverse impact on the sales reported in Swiss francs compared to constant exchange rates. Roche did not report any earnings figures.
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