financetom
Business
financetom
/
Business
/
Novo Nordisk lowers full-year profit guidance in new CEO's maiden quarter
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Novo Nordisk lowers full-year profit guidance in new CEO's maiden quarter
Nov 4, 2025 11:24 PM

COPENHAGEN, Nov 5 (Reuters) - Wegovy-maker Novo Nordisk

lowered its full-year profit forecast on Wednesday in

an early blow to the Danish drugmaker's new CEO amid a deep

restructuring drive to claw back lost ground in a fierce obesity

drug market battle.

CEO Mike Doustdar, who took the helm in August, said the

lower guidance was due to "the lower growth expectations for our

GLP-1 treatments."

"We aim to accelerate on all fronts to be able to compete

better in dynamic and increasingly competitive markets,"

Doustdar said in a statement.

Novo Nordisk said it now expects full-year operating profit

- measured in local currencies - growing between 4% and 7% in

2025, compared with its earlier forecast of between 10% and 16%.

The company expects sales growth in local currencies of

between 8% and 11% this year, compared with its previous 8%-14%

range, it added.

Novo Nordisk said third-quarter sales rose 5% to 75.0

billion Danish crowns ($11.71 billion), compared with 76.2

billion forecast by analysts in a poll gathered by the company.

Sales grew 11% measured in local currencies, which eliminates

exchange rate fluctuations.

The rise in sales in local currency terms, which has slowed

sharply in the last year as competition has risen from rival Eli

Lilly ( LLY ) and copycat treatments, compared with 11.4% growth

expected by analysts in a company-compiled consensus.

Novo shot to become Europe's most valuable firm on the back

of rapid sales growth of its blockbuster obesity drug Wegovy,

but has seen sales growth slow, sparking a management overhaul

and dragging down its share price.

($1 = 6.4029 Danish crowns)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
H&M's new boss Erver faces battle to reboot sales
H&M's new boss Erver faces battle to reboot sales
Mar 22, 2024
LONDON (Reuters) - Investors will be looking for reassurances from new H&M CEO Daniel Erver that he has the right plan to reboot revenue growth when the fast fashion retailer reports its first quarterly earnings under his leadership on Wednesday. Erver took the helm in January after his predecessor Helena Helmersson stepped down unexpectedly on the day of H&M's annual...
UnitedHealth Group Unusual Options Activity
UnitedHealth Group Unusual Options Activity
Mar 22, 2024
Financial giants have made a conspicuous bearish move on UnitedHealth Group ( UNH ). Our analysis of options history for UnitedHealth Group ( UNH ) revealed 15 unusual trades. Delving into the details, we found 46% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $252,475,...
Anthropic weighs slate of sovereign wealth funds to acquire FTX's $1 bln stake, CNBC reports
Anthropic weighs slate of sovereign wealth funds to acquire FTX's $1 bln stake, CNBC reports
Mar 22, 2024
March 22 (Reuters) - Anthropic, backed by Google and Amazon.com ( AMZN ), is weighing a slate of sovereign wealth funds to acquire FTX's stake of about $1 billion in the AI startup, CNBC reported on Friday citing sources. In February, a U.S. judge ruled that bankrupt crypto exchange FTX may sell its shares in Anthropic. FTX invested $500 million...
Oil Rig Count Drops by One This Week, Baker Hughes Says
Oil Rig Count Drops by One This Week, Baker Hughes Says
Mar 22, 2024
03:51 PM EDT, 03/22/2024 (MT Newswires) -- The number of oil rigs operating in the US fell by one this week, according to data compiled by energy services company Baker Hughes ( BKR ) . The weekly count for oil declined to 509 from 510, and the gas tally lost four to 112, Baker Hughes ( BKR ) said Friday....
Copyright 2023-2026 - www.financetom.com All Rights Reserved