Sanofi (SNY) Posts Ligter EPS for Q4; Sees FY16 Business EPS to be 'Stable'
Sanofi (NYSE: SNY) reported Q4 EPS of EUR1.31, versus EUR1.39 reported last year. Revenue for the quarter came in at EUR9.27 billion, versus EUR9.07 billion reported last year.
Executing on 2020 strategic roadmap
- Key milestone in reshaping the portfolio with announcement of exclusive negotiations on business swap
- Significant R&D alliances in oncology and diabetes
- Praluent® launch progressing with significant U.S. market access for 2016
- Toujeo® available globally in over 20 countries, reaching sales of €98 million in Q4 2015
Recent achievements in advancing Sanofi's R&D pipeline of innovative medicines
- Dengvaxia®, the world's first dengue vaccine, approved in Mexico, Brazil, El Salvador and the Philippines
- Biologics License Application for sarilumab accepted for review by the FDA
- FDA submission for priority review of once-daily combination of insulin glargine and lixisenatide
Sales growth in Pharmaceuticals, Vaccines and Animal Health in 2015
- Aggregate Group sales(2) up 2.2%(3) (+9.7% at 2015 exchange rates) to €37,057 million
- Genzyme continues to be a key driver with sales up 29.5% with strong momentum in multiple sclerosis
- Vaccines sales were up 7.3% benefiting from double-digit growth in Emerging Markets(4)
- Diabetes sales decreased 6.8% in line with October guidance, reflecting lower U.S. sales of Lantus®
- Animal Health demonstrated strong performance with sales up 10.8% driven by NexGard®
- Emerging Markets Aggregate sales increased 7.8%, driven by strong growth in China, up 19.5%
Solid financial results in 2015 while making significant investments in new product launches
- Business EPS was €5.64, up 8.5% on a reported basis and stable at CER
- Free Cash Flow up 12.2% to €8,132 million resulting in net debt of €7,254 million
- Board proposes dividend of €2.93, the 22nd consecutive year of dividend growth
2016 financial guidance
- Sanofi expects 2016 Business EPS(1) to be broadly stable(5) at CER, barring unforeseen major adverse events
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