VIDEO from thenewsmarket.com and Novo Nordisk A/S: Novo Nordisk's Operating Profit up by 24% in the First Nine Months of 2010

Oct 27, 2010, 05:41 ET from thenewsmarket.com from ,Novo Nordisk A/S

NEW YORK, Oct. 27 /PRNewswire/ -- See video from Novo Nordisk A/S at:

http://www.thenewsmarket.com/CustomLink/CustomLinks.aspx?GUID=c60a7225-bcb8-4669-825e-2cece34f3b52&alertid=37975f6d-9856-4c4e-9a07-3af4f2a3dea8

Novo Nordisk's operating profit increased by 24% in the first nine months of 2010. The sales growth of 17% was driven by Victoza®, NovoRapid® and Levemir®. Gross margin improved by 1.3 percentage points in Danish kroner to 80.8% in the first nine months of 2010, primarily reflecting a positive product mix development. Reported operating profit increased by 24% to DKK 14,547 million. Adjusted for the impact of currencies, operating profit in local currencies increased by around 15%. Net profit increased by 24% to DKK 10,457 million. Earnings per share (diluted) increased by 28% to DKK 17.78. Available video includes shots of Novo Nordisk's headquarters and production facilities as well as soundbites from CEO Lars Rebien Sorensen, in English and Danish.  

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Story Id: 20215

SOURCE thenewsmarket.com; Novo Nordisk A/S



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