Novo Nordisk shares up on expected rebound in Wegovy sales

7 May 2025

Shares in Danish drugmaker Novo Nordisk (NOV: N) were 3% higher on Wednesday afternoon after the company presented its first-quarter financial results and latest guidance for the year.

The firm’s net sales grew by 19% to 78.09 billion kroner ($11.89 billion), while earnings before interest and taxation came in at 38.79 billion kroner, compared with the 37.20 billion forecast in a company-compiled consensus based on the views of 26 analysts, and up 22% from a year ago.

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