logo
Plus   Neg
Share
Email

Sanofi Q3 Profit Down - Quick Facts

Sanofi (SNYNF,SNY) reported that its third-quarter net income attributable to equity holders of the company declined to 1.766 billion euros from 2.274 billion euros last year. IFRS Earnings per share were 1.41 euros down from 1.82 euros in the previous year.

Earnings per share excluding the exchanged/held-for-exchange Animal Health business was 1.49 euros, down 18.6% reflecting the capital gain on the European generics divestment in the third-quarter of 2018.

Business net income increased 4.3% to 2.399 billion euros and 0.2% at constant exchange rates or CER. Business earnings per share increased 4.3% to 1.92 euros on a reported basis and was stable at CER.

Quarterly sales were 9.499 billion euros, up 1.1% on a reported basis. Exchange rate movements had a positive effect of 2.2 percentage points mainly driven by the strength of the U.S. dollar which was partially offset by the negative impact from the Argentine Peso. At CER, sales decreased 1.1%.

Sanofi Genzyme sales increased 19.5% driven by continued strong uptake of Dupixent.

Sanofi expects 2019 business earnings per share to grow about 5% at CER barring unforeseen major adverse events.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hongkong Sun Rise Trading Ltd. has recalled about 151,400 units of Kobalt Cordless Electric chainsaws and about 106,520 units of Kobalt Cordless Electric pole saws for possible laceration hazard, according to two separate statements issued by the U.S. Consumer Product Safety Commission. These include 1,400 chainsaws and 120 pole saws sold in Canada. Branded food company Hormel Foods Corp. (HRL) announced Friday that its Hormel Black Label Breakfast Food Truck will hit the road with free sample event of the popular brand's new Hormel Black Label Oven-Baked Egg Bites. The samples come in three variants - with Bacon, with Chorizo and with Bacon and... United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets.
Follow RTT