Novo Nordisk shares hit a record high on Wednesday, as the Danish pharma group’s blockbuster weight-loss drugs powered a surge in sales and profits last year, cementing its position as Europe’s most valuable company.
The Danish group reported that sales climbed 36 per cent to $33.7bn in 2023 while profits rose to almost $15bn, both above analysts’ expectations. Shares rose by 4 per cent to an all-time high in morning trading.
Lars Fruergaard Jørgensen, Novo Nordisk’s chief executive, said he was “very pleased with the strong performance in 2023 reflecting that more than 40mn people are now benefiting from our innovative diabetes and obesity treatments”.
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