Strategic aspirations for 2025
Our strategic aspirations for 2025 cover four areas:
Purpose and sustainability
- Being respected for adding value to society
- Progress towards zero environmental impact
- Ensure distinct core capabilities and evolve culture
Innovation and therapeutics
- Further raise the innovation-bar for diabetes treatment
- Develop a leading portfolio of superior treatment solutions for obesity
- Strengthen and progress the Biopharm pipeline
- Establish presence in Other serious chronic diseases focusing on Cardiovascular disease (CVD); Non-alcoholic steatohepatitis (NASH) and Chronic kidney disease (CKD)
Commercial execution
- Strengthen Diabetes leadership - aim at global value market share of more than 1/3
- Strengthen Obesity leadership and double current sales (based on reported sales in 2019)
- Secure a sustained growth outlook for Biopharm
Financials
- Deliver solid sales and operating profit growth:
- Deliver 6-10% sales growth in International Operations
- Transform 70% of sales in the USA (from 2015 to
2022)
- Deliver 6-10% sales growth in International Operations
- Drive operational efficiencies
across the value chain to enable investments in future growth
assets
- Deliver free cash flow to enable attractive capital allocation to shareholders
Please note
Our strategic aspirations are not a projection of our
financial outlook or expected growth.
Unless otherwise specified growth rates are at constant exchange rates.
STATUS
Highlights for the first six months of 2020
Status
Adding value to society
- Launch of new social responsibility strategy to defeat diabetes
- Participation in antimicrobial resistance initiative
- Expansion of US affordability offerings
- Societal contributions during COVID-19 pandemic
Green power
Sourcing of green power at all US operations and 100% renewable
power across all production sites
CO2 emissions
39% reduction in CO2 emissions compared to the first half of 2019 due to use of renewable energy and lower travel activities
Status
Diabetes
- Insulin icodec phase 2 trial successfully completed
- Rybelsus® approved in the EU, the UK and Japan
Obesity
- Successful completion of obesity trials:
- Semaglutide obesity phase 3 programme
- AM833 monotherapy phase 2 trial
- AM833 in combination with semaglutide phase 1
trial
Other serious chronic disease
- Agreement to acquire of Corvidia Therapeutics
- Positive phase 2 data for semaglutide in Non-alcoholic steatohepatitis (NASH)
Status
Diabetes sales increased by 7%
- Value market share leadership expanded by 0.8%-points to 29.0%
- Sales of GLP-1 increased by 28% driven by continued
performance of Ozempic®
Obesity sales increased by 9% to DKK 2.9 billion
Biopharm sales increased by 6%
- Driven by International Operations and North America Operations
Status
Sales increased by 7%, to DKK 63.9 billion
- 12% and 1% growth in Interntional Operations and North America Operations, respectively
- In the US, 46% of sales
transformed to products launched since 2015
Operating profit increased by 8% to DKK 30.1 billion
- Productivity improvement and improved admin-to-sales
ratio
Interim dividend
- An interim dividend of DKK 3.25 for each Novo Nordisk A and B share of DKK 0.20, which was paid in August 2020
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100% renewable power target for suppliers
We have set ourselves an ambitious target of ensuring that all of our direct suppliers supply our business using 100% renewable power by 2030.
Preventing chronic diseases
We need a future where fewer people are living with type 2 diabetes and obesity. We are working with global partners to make it a reality.