Sandoz Group (VTX:SDZ) results for the first half of 2024
Key financial results
- Revenue: $5.06 billion (up 2.7% from H1 2023).
- Net profit: $150.0 million (36% less than H1 2023).
- Profit margin: 3.0% (compared to 4.8% in H1 2023).
- Earnings per share: $0.35 (compared to $0.55 in H1 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Sandoz Group earnings per share fall short of expectations
Sales were in line with analysts’ estimates. Earnings per share (EPS) missed analysts’ estimates by 33%.
An average sales growth of 5.0% per annum is expected for the next three years. Growth of 3.8% is forecast for the pharmaceutical industry in Switzerland.
Performance of Swiss pharmaceutical industry.
The company’s shares fell 3.2 percent compared to the previous week.
Risk analysis
We should say we have discovered 1 warning signal for the Sandoz Group that you should know before investing here.
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