financetom
Business
financetom
/
Business
/
Sanofi meets estimates for fourth-quarter profit, plans 5 billion euros in buybacks
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sanofi meets estimates for fourth-quarter profit, plans 5 billion euros in buybacks
Jan 29, 2025 11:05 PM

Jan 30 - French drugmaker Sanofi reported a

fourth-quarter profit that came in-line with analysts' estimates

on Thursday, and said it would buy back 5 billion euros ($5.21

billion) in shares this year as it seeks to build investor

confidence in its drug pipeline.

Sanofi, one of the world's largest maker of vaccines and a

leader in anti-inflammatory drugs, also said it expects sales to

grow by a mid-to-high single-digit percentage in 2025, at a time

the company transitions into a pure-play drugmaker.

Sanofi is close to selling a 50% stake in its consumer

health business Opella to investor Clayton Dubilier & Rice, and

said it expects the deal to close in the second quarter at the

earliest.

Quarterly business operating income, excluding one-off

items, fell by 7.7% to 2.08 billion euros but met the average

analyst estimate in a poll posted on the company's website.

Sales of its blockbuster asthma drug Dupixent rose 16% to

3.46 billion euros, compared to 3.61 billion euros expected on

average by analysts in a company-provided poll. The company said

sales growth had been hit by fewer business days in the quarter

compared to prior periods.

Investor expectations have been high for the

anti-inflammatory drug, on which Sanofi partners with Regeneron

, after it gained approval for a common lung condition

called chronic obstructive pulmonary disease in September.

Sales of Beyfortus, a new treatment to protect newborns from

a common respiratory virus, more than doubled to 841 million

euros, beating estimates of 648 million euros.

Vaccines sales rose a currency-adjusted 10.8% to 2.18

billion euros in the quarter, ahead of a 1.91 billion euro

analyst consensus.

($1 = 0.9602 euros)

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 >
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved