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SDZ Sandoz AG News Story

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Brief: Sandoz Says Group Q3 Net Sales At $2.8 Bln

Oct 30 (Reuters) - SANDOZ GROUP AG SDZ.S:

9M SALES USD 8,057 MILLION

Q3 NET SALES OF USD 2,825 MILLION

FULL-YEAR 2025 GUIDANCE: MID-SINGLE-DIGIT NET-SALES GROWTH AT CC (UNCHANGED); A CORE EBITDA MARGIN OF 21-22% (PRIOR GUIDANCE: AROUND 21%)

FULL-YEAR 2025 GUIDANCE: EBITDA MARGIN 21-22%

RECENTLY, IMPOSITION OF TARIFFS BY US GOVERNMENT HAS LED TO REDUCED EXPORTS FROM CHINA TO US, PROMPTING CHINESE SUPPLIERS TO SIGNIFICANTLY LOWER PRICES FOR KEY PENICILLIN APIS

PRICE DROP HAS COINCIDED WITH AN INCREASE IN MARKET SUPPLY

COMPANY CALLS ON EUROPEAN UNION AND NATIONAL GOVERNMENTS TO IMPLEMENT MEASURES THAT REDUCE GEOPOLITICAL EXPOSURE AND SAFEGUARD LONG-TERM SUSTAINABILITY OF EUROPEAN-PRODUCED PENICILLINS

Source text: ID:nEQc2ckDPa

Further company coverage: SDZ.S

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))

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