Novartis Poised for Sales Growth Acceleration

Dow Jones09-24 21:55

1355 GMT - Novartis CEO Vas Narasimhan is confident in the midterm outlook for the company, with drug launches set to lift top-line growth next year, Bank of America analysts say. Speaking at a Bank of America conference, Narasimhan struck a bullish tone on the Swiss drugmaker's prospects for the 2026-31 period and signaled previous guidance of sales growth of 5% to 6% in the five years through 2030 would be extended to 2031 at an update scheduled for November, the analysts say. Sales growth looks set to accelerate next year relative to the second half of 2026, when the company expects to post a mid single-digit percentage increase, and its performance at the end of the fourth quarter will be the best proxy, the analysts add. Shares rise 1.5%.

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