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Sandoz Lays Out Plan For Rebound With Top Line Stagnant In 2021

Core Operating Profit Falls By 12% As Reported; 14% In Constant Currencies

 
• By Dean Rudge

Novartis admits that its Sandoz division is not expected to enjoy turnover growth in 2022, due to a lack of material launches, but is planning for a rise in 2023 and beyond.

sales surge
Novartis continues to plot a rebound for Sandoz • Source: Alamy

Novartis expects biosimilar launches for its Sandoz division to drive “material growth in the back half of 2023, into 2024, and beyond,” with Sandoz’ group turnover for 2021 flat as reported and its core operating profit tumbling by 12% on the same basis.

“Our biosimilars launches continue to be on track,” management told attendees to Novartis’ fourth-quarter and full-year earnings call, as annual turnover from Sandoz’

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• By Dave Wallace

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