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
Epic Games Inc., the developer of popular game Fortnite, has filed lawsuits against both Apple Inc. and Google after they removed the game from their app stores. The development reflects disputes related to app store fee the tech giants take from each purchase. Epic Games, which has been against the 30 percent revenue cut the two tech giants take from paid apps, added a direct payment option. Kader Exports pvt. Ltd. is recalling certain consignments of various frozen cooked shrimp citing potential contamination with Salmonella, according to the U.S. Food and Drug Administration. The affected frozen cooked, peeled and deveined shrimp products were sold in 1lb, 1.5lb., and 2lb. retail bags. They were distributed from late February 2020 to Mid-May 2020 across the nation. The former chief executive officer of Hertz Global Holdings, Mark Frissora, agreed to pay about $2.2 million to settle the U.S. Securities and Exchange Commission's claims that he played a key role in causing the now-bankrupt car-rental company to file inaccurate financial statements in 2013.
Follow RTT