Sandoz: net income of $1.2bn (+26%) in 2024

(CercleFinance.com) - Net sales amounted to $2.
7bn in Q4 2024, up 9% at constant exchange rates. FY Net sales reached $10.4bn, up 9% at constant exchange rates.

Core gross profit amounted to $5.3bn in 2024, compared with $4.9bn the previous year, giving a core gross profit margin of 50.7%, compared with 50.9% in 2023.

Core EBITDA came to $2.1bn, compared with $1.7bn the previous year, giving a core EBITDA margin of 20.1%, compared with 18.1% in 2023.

Core net income amounted to $1.2bn in 2024, up 26% from $953m the previous year. Core diluted EPS was $2.71, compared with $2.20 the previous year.

For FY 2025, Sandoz expects net sales to grow by a single-digit percentage at constant exchange rates, and a core EBITDA margin of around 21%.

The group has revised its medium-term outlook to 2028. It expects net sales to grow annually by mid-single digits at constant exchange rates, and the core EBITDA margin to increase to 24%-26%.


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