Press Release: Sanofi Q2 - strong performance with 10% sales growth; 2024 guidance upgraded

Sanofi Q2: strong performance with 10% sales growth; 2024 guidance upgradedParis, July 25, 2024Q2 sales growth of 10.2% at CER and business EPS (1)of €1.73Dupixent sales up 29.2% to €3,303 million; target of ~€13 billion in 2024 unchangedPharma launches up 80.4% to €689 million, led by ALTUVIIIO, Nexviazyme, Rezurock, and SarclisaVaccines sales -4.8% due to COVID-19 sales in 2023Opella (former Sanofi Consumer Healthcare) up 9.6%, driven by the Qunol acquisition...

Paris, 25/07/2024 (informazione.news - comunicati stampa - salute e benessere)

Sanofi Q2: strong performance with 10% sales growth; 2024 guidance upgraded

Paris, July 25, 2024

Q2 sales growth of 10.2% at CER and business EPS of € 1.73

Q2 pipeline progress

Other key updates

2024 business EPS guidance upgraded

Paul Hudson, Chief Executive Officer, commented:

“We are continuing our strong performance in 2024 and delivered broad-based, double-digit sales growth in the second quarter. We also made important progress in our pipeline of new medicines, including approvals for Dupixent in COPD, Kevzara in pediatric arthritis and ALTUVIIIO (EU) in hemophilia A. With the EU approval in COPD, Dupixent is the first-ever biologic medicine approved in this debilitating disease impacting hundreds of thousands of patients globally. As we accelerate our focused mid- and late-stage pipeline, we started a number of new phase 2 and phase 3 studies that will benefit patients in the future. We are well on track, delivering on our strategic priorities for Sanofi to become a development-driven, tech-powered biopharma company committed to serving patients and accelerating growth. Underpinned by accelerated delivery of Sanofi's transformation, we upgrade our earnings per share guidance for 2024.”

Changes in net sales are expressed at constant exchange rates (CER) unless stated otherwise (definition in Appendix 9). (1) In order to facilitate an understanding of operational performance, Sanofi comments on the business net income statement. Business net income is a non-IFRS financial measure (definition in Appendix 9). The consolidated income statement for Q2 and H1 2024 is provided in Appendix 3 and a reconciliation of reported IFRS net income to business net income is set forth in Appendix 4; (2) 2023 business EPS was €8.11; (3) Free cash flow is a non-IFRS financial measure (definition in Appendix 9). *Separation subject to market conditions and consultations of social partners and work councils.

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