Novartis lifted full-year sales and profit targets on Thursday, helped by innovative medicine sales and as the Swiss drugmaker's slimmed-down ...
ZURICH: Novartis lifted full-year sales and profit targets on Thursday, helped by innovative medicine sales and as the Swiss drugmaker's slimmed-down Sandoz generics unit saw accelerating revenue in markets outside the United States.
Core operating income rose 20per cent in constant currencies to US$3.6 billion, while sales were up 8per cent to US$11.8 billion, compared to the US$11.54 billion forecast by 10 analysts in a Refinitiv poll.The Basel-based company now expects 2019 core operating income to grow at low-double-digit to mid-teens percentages, faster than the previous high-single-digit percentage rate target. Sales expectations were also raised, with growth now seen in the mid to high-single digit range.
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