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Novo Nordisk now sees FY25 sales growth 8%-14% at CER

For the 2025 outlook, sales growth is now expected to be 8-14% at CER, and operating profit growth is now expected to be 10-16% at CER. Sales and operating profit growth reported in Danish kroner is now expected to be 3 and 5 percentage points lower than at CER, respectively. The lowered sales outlook for 2025 is driven by lower growth expectations for the second half of 2025, reflecting the persistent use of compounded GLP-1s, slower-than-expected market expansion and competition. The outlook is related to lower growth expectations for Wegovy in the US obesity market, for Ozempic in the US GLP-1 diabetes market as well as for Wegovy in select IO markets. Novo Nordisk (NVO) continues the global rollout of Wegovy to more markets and invests in commercial activities towards driving market penetration for both Wegovy and Ozempic.

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