Roche’s strong sales growth continues

23 October 2024

Swiss pharma giant Roche (ROG: SIX) this morning reported that, in the first nine months of 2024 group sales increased by 6% at CER (2% in francs) to 45.0 billion francs ($52.0 billion), driven by strong demand for its novel medicines as well as diagnostic products including immunodiagnostic, pathology and molecular solutions more than offset the anticipated decline in COVID-19-related sales and the impact of biosimilar/generic erosion.

Third quarter group sales of 15.14 billion francs ($17.46 billion) surpassed an analysts' consensus estimate of 14.9 billion francs, based on LSEG data.

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