Press Release: Sanofi Q1: robust 7% sales growth driven by launches, underpins full-year guidance

Sanofi Q1: robust 7% sales growth driven by launches, underpins full-year guidanceParis, April 25, 2024Sales growth of 6.7% at CER and business EPS (1)of €1.78Dupixent sales up 24.9% to €2,835 million, on target to deliver ~€13bn in 2024Pharma launches up 90.5% to €606 million, led by Nexviazyme and ALTUVIIIOVaccines sales up 5.6%, boosted by BeyfortusConsumer Healthcare (CHC) up 9.0%, benefiting from the Qunol acquisition in Physical and Mental Wellness and...

Paris, 25/04/2024 (informazione.it - comunicati stampa - salute e benessere)

Sanofi Q1: robust 7% sales growth driven by launches, underpins full-year guidance

Paris, April 25, 2024

Sales growth of 6.7% at CER and business EPS of €1.78

R&D transformation advanced further

Corporate Social Responsibility progress

Business EPS guidance reiterated

Paul Hudson, Chief Executive Officer, commented:

“We are off to an excellent start in 2024, delivering on our strategic priorities and a transformation of our portfolio of medicines and vaccines to become a development-driven, tech-powered biopharma company committed to serving patients and accelerating growth. Continued strong performance by Dupixent and our new launches drove sales growth of seven percent. In parallel, we are delivering on our promise of increased investments in our late-stage pipeline to fully realize its value for patients and Sanofi. We are awaiting regulatory decisions for Dupixent in COPD, a progressive disease with limited effective treatment options. If approved, Dupixent will be the first biologic treatment in COPD. With the robust progress in our portfolio transformation, we reaffirm our financial guidance for 2024.”

Changes in net sales are expressed at constant exchange rates (CER) unless otherwise indicated (definition in Appendix 7). (1) In order to facilitate an understanding of operational performance, Sanofi comments on the business net income statement. Business net income is a non-IFRS financial measure (definition in Appendix 7). The consolidated income statement for Q1 2024 is provided in Appendix 3 and a reconciliation of reported IFRS net income to business net income is set forth in Appendix 4; (2) 2023 business EPS was €8.11; (3) Free cash flow is a non-IFRS financial measure (definition in Appendix 7).

 

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