Below are the financial statements of Sandoz Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 |
|---|---|---|
| Net sales to third parties | 10,357a | 9,647a |
| Sales to former parent | 0a | 302a |
| Net sales | 10,357a | 9,949a |
| Other revenues | 27a | 30a |
| Cost of goods sold | -5,458a | -5,415a |
| Gross profit | 4,926a | 4,564a |
| Selling, general and administration | -2,433a | -2,389a |
| Development and regulatory | -932a | -926a |
| Other income | 215a | 94a |
| Other expense | -1,469a | -968a |
| Operating income | 307a | 375a |
| Interest expense | -251a | -202a |
| Other financial income and expense | -67a | -43a |
| (Loss)/ income before taxes | -11a | 130a |
| Income taxes | -12a | -50a |
| Net income | 1a | 80a |
| Attributable to | — | — |
| Shareholders of Sandoz Group AG | 0a | 77a |
| Non-controlling interests | 1a | 3a |
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