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Novo Nordisk revenue increased by 26% in Danish kroner and by 16% – Press Release

Financial report for the period January 1, 2022 to September 30, 2022

  • Operating profit increased by 28% in Danish kroner and by 14% at constant exchange rates (cc) to DKK 57.7 billion.
  • Sales in North American operations increased by 37% in Danish kroner (22% at CER) and sales in international operations increased by 16% in Danish kroner (11% at CER).
  • Diabetes and obesity care sales increased by 29% in Danish kroner to 113.2 billion DKK (18% at CER), mainly due to sales growth of GLP-1 diabetes of 59% in Danish kroner (44% up CER) was due. Rare disease sales increased by 8% measured in Danish kroner (2% at CER).
  • Bariatric care sales increased by 91% in Danish kroner (75% at CER). Novo Nordisk expects to make all Wegovy® Dose strengths available in the US towards the end of 2022.
  • In terms of R&D, Novo Nordisk successfully completed a phase 2 study of CagriSema in people with type 2 diabetes and the final phase 3a study of insulin icodec once a week.
  • For the 2022 outlook, revenue growth of 14-17% at CER and operating profit growth of 13-16% at CER are now expected. Revenue and operating profit growth, as reported in Danish kroner, is now expected to be 10 and 15 percentage points higher than in CER, respectively.
WIN AND LOSS 9M 2022 9M 2021 growth
as reported
growth
at CER*
million DKK
net sales 128,862 102,467 26% 16%
operating result

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