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Sandoz Expects ‘Trough Year’ In 2023 As It Counts Cost Of Spinoff

Novartis Management Outlines Path Ahead For Sandoz As It Prepares To Separate

 
• By Dave Wallace

Sandoz is set for a “trough year” in 2023 as the generics and biosimilars unit faces costs linked with its spinoff from parent company Novartis that will erode its core operating income.

Finger drawing curve upwards
Sandoz expects a trough for operating income in 2023, followed by growth • Source: Shutterstock

Novartis management has set out its expectations for 2023 to be a “trough year” for Sandoz in terms of its core margin, as the generics and biosimilars unit is spun out into a separate company from its parent business. The firm cited the costs associated with the spinoff, as well as current inflationary pressures, as being behind the expected dip.

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