Sandoz Does Not Budge On 2022 Expectations Despite Positive Start

Q1 Revenues Improve By 8% At CCs While Bottom Line Soars – With Caveats

A weak base for the prior year and several one-time items allowed Sandoz to post positive financial results for the first quarter of 2022, including a 26% jump in the company’s core operating profit. Electing not to upgrade its expectations for Sandoz this year, Novartis will continue to monitor the business amid an ongoing strategic review.

Profit
Sandoz enjoyed a huge bump in its core operating profit in Q1 • Source: Shutterstock

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