Novo Nordisk sees strong 2024 sales and profit growth

5 February 2025

Shares of Denmark’s Novo Nordisk (NOV: N) rose 3.5% to 613.30 kroner this morning, after the company reported better-than-expected net profit amid soaring demand for its Wegovy (semaglutide) obesity drugs, but forecast a slight slowdown in sales for 2025.

Novo Nordisk's full-year 2024 sales increased by 25% in kroner and by 26% at constant exchange rates (CER) to 290.4 billion kroner ($40.5 billion) in 2024.

Operating profit increased by 25% by 26% at CER to 128.3 billion kroner. Operating profit was positively impacted by gross-to-net sales adjustments in the USA and negatively impacted by impairment losses, the company noted.

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