Sandoz Group AG Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	10,357	9,949	9,276	9,619	9,626
Other Revenue	27	30	30	59	32
Revenue	10,384	9,979	9,306	9,678	9,658
Revenue Growth (YoY)	4.06%	7.23%	-3.84%	0.21%	-
Cost of Revenue	5,458	5,415	4,928	5,079	5,199
Gross Profit	4,926	4,564	4,378	4,599	4,459
Selling, General & Admin	2,433	2,389	2,127	2,127	2,132
Research & Development	932	926	833	911	873
Other Operating Expenses	1,254	874	179	167	652
Operating Expenses	4,619	4,189	3,139	3,205	3,657
Operating Income	307	375	1,239	1,394	802
Interest Expense	-251	-202	-89	-65	-72
Interest & Investment Income	43	31	8	5	3
Currency Exchange Gain (Loss)	-92	-61	-32	-16	-22
Other Non Operating Income (Expenses)	-22	-3	-6	-5	-5
EBT Excluding Unusual Items	-15	140	1,120	1,313	706
Other Unusual Items	4	-10	-18	-	-
Pretax Income	-11	130	1,102	1,313	706
Income Tax Expense	-12	50	252	403	242
Earnings From Continuing Operations	1	80	850	910	464
Minority Interest in Earnings	-1	-3	-2	-2	-2
Net Income	-	77	848	908	462
Net Income to Common	-	77	848	908	462
Net Income Growth	-	-90.92%	-6.61%	96.54%	-
Shares Outstanding (Basic)	430	430	430	-	-
Shares Outstanding (Diluted)	434	431	430	-	-
Shares Change (YoY)	0.65%	0.30%	-	-	-
EPS (Basic)	-	0.18	1.97	-	-
EPS (Diluted)	-	0.18	1.97	-	-
EPS Growth	-	-90.91%	-	-	-
Free Cash Flow	252	-2	945	1,041	872
Free Cash Flow Per Share	0.58	-0.01	2.20	-	-
Dividend Per Share	0.662	0.534	-	-	-
Dividend Growth	23.90%	-	-	-	-
Gross Margin	47.44%	45.74%	47.04%	47.52%	46.17%
Operating Margin	2.96%	3.76%	13.31%	14.40%	8.30%
Profit Margin	-	0.77%	9.11%	9.38%	4.78%
Free Cash Flow Margin	2.43%	-0.02%	10.15%	10.76%	9.03%
EBITDA	734	794	1,660	1,840	1,450
EBITDA Margin	7.07%	7.96%	17.84%	19.01%	15.01%
D&A For EBITDA	427	419	421	446	648
EBIT	307	375	1,239	1,394	802
EBIT Margin	2.96%	3.76%	13.31%	14.40%	8.30%
Effective Tax Rate	-	38.46%	22.87%	30.69%	34.28%

Updated Mar 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.