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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessNovo Nordisk: 1Q24 Results
Novo Nordisk (NOVOB: A1/AA-): 1Q24 Results
Wegovy sales came in -11% vs estimates, but revenue overall did beat by 2.5% at DKK 65.3bn EBITDA was a strong DKK 34.7bn +12% beat.
- Wegovy sales in the crucial US market are up 400% on the year
- CEO has raised full-year guidance as pricing in the US improves
Competition from Eli Lilly is fierce but the market for weight-loss drugs and diabetes treatments is growing. Novo is buying Catalent for $16.5bn (incl debt) in order to access contract manufacturing facilities.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.