Year-End Summary Report 2023
In a recent development, the Half Year Report 2023 for our group is now available on their official website. To access the report, simply click on the provided link. The report can be found in the Ad Hoc section of the group's website.
The report provides an in-depth analysis of the group's financial performance during the first half of the year. According to the Ad Hoc announcement, the group's net sales reached USD 27.3 billion, marking a 12% increase, or 13% in constant currency. This growth was primarily volume-driven, partially offset by generic competition, pricing adjustments, and currency headwinds.
Operating income for the group saw a significant boost, increasing by 29% (33% cc), driven mainly by higher net sales and adjustments to contingent considerations. However, this increase was partly offset by increased investments behind key brands and launches. The net income for the group grew by 29% (31% cc) to USD 7.6 billion, driven by higher operating income but partly reduced by higher taxes and financial expenses.
Earnings per share rose 34% (37% cc) to USD 3.91, aided by fewer shares outstanding. The report also highlights the core operating income, which rose 21% (24% cc) to USD 11.5 billion, with a margin improvement of 3.1 percentage points to 42.1% of net sales.
The report also covers product performance specifics, with sales growth in Fabhalta and Lutathera. However, Zolgensma sales declined due to a lower SMA incidence.
For further information regarding the report, investors are encouraged to contact Investor Relations via email at investor.relations@our website or by phone at 41 (0)44 878 88 88. It is important to note that the Press Office is a separate entity from Investor Relations and their contact details are not provided in the Ad Hoc section of the group's website.
The Press Office can be contacted via email at media@our website and can be reached by phone at 41 (0)44 878 87 87. The Press Office may provide information related to media inquiries.
In summary, the Half Year Report 2023 for our group presents a strong operational and financial performance during the first half of the year. For specific investor-related inquiries, please contact Investor Relations, and for media inquiries, please contact the Press Office.
The Half Year Report 2023 reveals a comprehensive review of our group's financial performance, presenting a boost in operating income and net income due to higher net sales and strategic investments in key brands.
This report encourages investors to reach out to Investor Relations for further details about the performance, primarily focusing on finance and investing aspects of the business.
