Record-Breaking Performance in 2024
Novartis delivered one of the strongest performances in its history with Q4 sales growth of 16% and core operating income growth of 29% in constant currency. For the full year, sales grew 12% and core operating income grew 22%.
Significant Growth Across Priority Brands
Priority brands grew 38% in constant currencies, with Entresto sales up 31% to $7.8 billion, Cosentyx sales growing 25%, Kesimpta growing 49%, and Kisqali achieving a 49% increase in sales.
Pipeline Advancements and Approvals
Notable pipeline advancements include the approvals for Kisqali in early breast cancer and Fabhalta in two indications. The company also announced a promising acquisition in neuroscience with PTC518 for Huntington's disease.
Strong Financial Metrics and Shareholder Returns
Free cash flow reached a record high of $16.3 billion, growing 24%. Novartis proposed its 28th consecutive dividend increase and completed over 30 bolt-on deals to strengthen its pipeline.