Novartis increases growth potential through integration of Alcon
Novartis growth in new product portfolio and productivity to enable company to absorb the impact of patent losses and maintain robust margins
- Double-digit sales growth through growth of new products that are rejuvenating the portfolio and integration of Alcon
- Double-digit core operating income growth increasing its operating leverage
- Improved productivity and profitability resulting in margin improvement
- Double-digit sales growth in emerging markets
- Increasing leadership in innovation, resulting in 17 regulatory approvals in the US and Europe in the Pharmaceuticals Division
- Returning over USD 15 billion to shareholders via dividends and share buyback
Further, the acquisition of Alcon offers Novartis a solid growth platform in the eye care segment.
"Alcon is enhancing future prospects for Novartis - it brings to us a fast growing business in the eye care segment. This transaction was about long-term growth and not just cost synergies," said Joseph Jimenez, CEO of Novartis. "We believe that Alcon has significant growth potential by leveraging the Novartis expertise in research, market access, and reimbursement, among others."
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