Novartis AG

NOVN

CH0012005267

Pharmaceuticals

Market Closed - Swiss Exchange Other stock markets 11:30:38 2024-04-18 am EDT			5-day change	1st Jan Change
84.52 ^CHF	-0.39%		-1.30%	-0.41%

05:05pm	NOVARTIS AG : UBS reiterates its Buy rating	ZD
04:01pm	TotalEnergies: shareholders want to separate powers	CF

Novartis says operating profit to grow again in 2023

February 01, 2023 at 01:14 am EST

BASEL (Reuters) - Swiss drugmaker Novartis on Wednesday predicted that core operating income would grow in a "mid single digit" percentage range in 2023, following stagnation last year.

Full-year core operating income was broadly flat at $16.7 billion, it said in a statement.

(Reporting by Ludwig Burger; Editing by Paul Carrel)

Latest news about Novartis AG

NOVARTIS AG : UBS reiterates its Buy rating	11:05am	ZD
TotalEnergies: shareholders want to separate powers	10:01am	CF
NOVARTIS AG : Deutsche Bank maintains a Buy rating	05:47am	ZD
Novartis' Multiple Sclerosis Drug Shows Sustained Efficacy for Up to Six Years	Apr. 17	MT
Novartis: positive efficacy data in MS	Apr. 17	CF
Novartis Kesimpta(R) six-year efficacy data show substantial benefits in recently diagnosed treatment- naïve people with relapsing multiple sclerosis	Apr. 17	DJ
Novartis' Intravenous Formulation of Cosentyx Impacting Prescriber Preferences in Psoriatic Arthritis Treatment, While Pending Launch of UCB?s Bimzelx Poised to Further Disrupt the Market	Apr. 16	CI
Novartis reports positive interim results for Fabhalta	Apr. 16	CF
Novartis' Investigational Kidney Disease Drug Shows Reduced Disease Marker in Late-stage Trial	Apr. 15	MT
Health Care Ticks Down Amid Rotation From Rate-Sensitive Sectors -- Health Care Roundup	Apr. 15	DJ
Novartis' Fabhalta Found to Lower Disease Marker in Kidney Disease Patients	Apr. 15	MT
Novartis Gets Priority Review for Kidney Disease Treatment	Apr. 15	DJ
New Novartis Fabhalta(R) (iptacopan) data show clinically meaningful and statistically significant proteinuria reduction of 38.3% versus placebo for patients with IgA nephropathy (IgAN)	Apr. 15	DJ
Novartis Presents Results from Pre-Specified Interim Analysis of the Phase III APPLAUSE-IgAN study of Fabhalta	Apr. 15	CI
Novartis Secures Exclusive Licensing Deal with Arvinas for Prostate Cancer Drug	Apr. 12	MT
Health Care Slips on Risk Bias -- Health Care Roundup	Apr. 11	DJ
Trending : Novartis Begins Tender Offer for MorphoSys Shares	Apr. 11	DJ
Novartis: licensing agreement in prostate cancer	Apr. 11	CF
Novartis: MorphoSys Board recommends tender offer	Apr. 11	CF
MorphoSys Board Supports Norvartis' Buyout Offer as Tender Period Begins	Apr. 11	MT
Morphosys management bodies recommend acceptance of Novartis takeover bid	Apr. 11	DP
Arvinas Agrees to License Prostate Cancer Treatment, Sell AR-V7 Program to Novartis	Apr. 11	MT
Arvinas, Novartis in ARV-766 Prostate Cancer License Pact	Apr. 11	DJ
Novartis licenses Arvinas' cancer drug for up to $1 billion	Apr. 11	RE
Arvinas, Inc Enters into an Exclusive Strategic License Agreement with Novartis AG for the Development and Commercialization of Protac Androgen Receptor Protein Degrader Arv-766 for the Treatment of Prostate Cancer	Apr. 11	CI

Novartis AG is one of the world's leaders in the design, manufacturing, and marketing of pharmaceutical products. Net sales (excluding discontinued operations) break down by therapeutic area as follows: - oncology (29.9%); - immunology (17.2%); - cardiovascular, renal and metabolic diseases (14.1%); - neuroscience (8.9%). The remaining net sales (29.9%) are from contract manufacturing of pharmaceutical products. At the end of 2023, Novartis AG had 33 production sites worldwide. Net sales are distributed geographically as follows: Europe (33%), the United States (39.5%), Asia/Africa/Australasia (20.5%), Canada and Latin America (7%).

Sector

Pharmaceuticals

Calendar

2024-04-23 - Q1 2024 Earnings Release

Related indices

SMI , STOXX EUROPE 600 (EUR)

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Income Statement Evolution

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Analysis / Opinion

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Investor Rating

ESG Refinitiv

B-

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Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

93.02 USD

Average target price

106.7 USD

Spread / Average Target

+14.68%

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Novartis AG

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NOVN

CH0012005267

Pharmaceuticals

Novartis says operating profit to grow again in 2023

Latest news about Novartis AG

Chart Novartis AG

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Income Statement Evolution

Analysis / Opinion

Ratings for Novartis AG

Analysts' Consensus

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Pharmaceuticals