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Novo Nordisk's net profit increased by 8% in 2020


Novo Nordisk s net profit increased by 8% in 2020
Novo Nordisk A/S
Financial report for the period 1 January 2020 to 31 December 2020
Sales increased by 4% in Danish kroner and by 7% at CER to DKK 126.9 billion. Sales in International Operations increased by 7% in Danish kroner (10% at CER), and sales in North America Operations increased by 1% in Danish kroner (3% at CER). Sales growth was negatively impacted by COVID-19, driven by fewer patients initiating treatment.
Sales within Diabetes and Obesity care increased by 5% to DKK 108.0 billion (8% at CER), driven by GLP-1 growth of 26% in Danish kroner (29% at CER) reflecting the uptake of Ozempic
® and Rybelsus
®. Biopharm sales decreased by 1% in Danish kroner (increased by 1% at CER). ....

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