Bloomberg Law
Feb. 2, 2023, 8:06 AM

Roche Sees Falling Sales, Profit as Covid Windfall Ebbs (3)

Naomi Kresge
Naomi Kresge
Bloomberg News

Roche Holding AG forecast falling sales and profit this year amid cratering demand for Covid-19 tests and treatments.

Sales and earnings excluding some items will likely decline in the low single-digit range, the Swiss drugmaker said on Thursday. The company anticipates a sales shortfall of 5 billion Swiss francs ($5.5 billion) due to the Covid plunge. Without that, it pointed to solid underlying sales growth.

The unexpected boon of pandemic revenue had shored up Roche’s results as once top-selling drugs lost market share to cheaper generics. Pressure is growing on the company to deliver results from its portfolio ...

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