Sandoz Does Not Budge On 2022 Expectations Despite Positive Start

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

 
• By Dean Rudge

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

Sandoz is maintaining its full-year earnings guidance for 2022 despite reporting 8% top-line growth at constant currencies for the first three months of the year, alongside a sizeable jump in its operating profit and core operating profit.

While the Novartis division’s promising first-quarter financials were evidence of its business dynamics having “really stabilized,” Sandoz commented, they also...

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