Boehringer Ingelheim posts 11% rise in FY15 sales boosted by diabetes business

pharmafile | April 20, 2016 | News story | Business Services, Research and Development, Sales and Marketing Boehringer Ingelheim, FY, earnings, forecasts, outlook, results 

Boehringer Ingelheim reported 11% jump in sales for 2015 driven by its diabetes business and said for 2016 it sees a minor increase in net sales compared to last year given the low growth impetus in the pharmaceutical markets.

Germany’s second-largest drugmaker posted net sales of 14.8 billion euros, up over 11% year on year. Operating income also improved by 6% to 2.3 billion euros, the company said in a statement.

Excluding the generics business, which was sold at the beginning of 2016, currency-adjusted net sales rose by 5.3%, the company said.

Chairman Andreas Barner emphasised the need for innovation to propel future growth, and said: “The company is planning to invest around 11 billion euros in the international research and development of human pharmaceuticals over the next five years. Of this, 5 billion euros will go into pre-clinical research and development and 1.5 billion euros into cooperation with external partners.”

The family-owned company said it plans to considerably strengthen its market position despite the current market environment.

Anjali Shukla

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