2/2, 7:09 AM (Source: TeleTrader)
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Roche's 2022 sales stable at 63.28B Swiss francs

F. Hoffmann-La Roche AG said on Thursday its annual sales increased by 2% in 2022 to reach 63.28 billion Swiss francs, with core operating profit rising by 3% to 22.17 billion Swiss francs. The company's diluted earnings per share gained 5% to 20.30 Swiss francs in the same period, while on the other hand, its net profit slipped 6% to 13.53 billion Swiss francs.

Commenting on the outlook, Roche said it expects a decline in 2023 sales in the low single-digit range. "For the current year we expect solid underlying growth in both divisions, which will largely compensate for the further significant drop in sales of roughly CHF 5 billion in COVID-19 products," CEO Severin Schwan noted.

Baha Breaking News (BBN) / ND