Media Relations:

(+) 33 1 53 77 46 46
E-mail: MR@sanofi.com

Investor Relations:

(+) 33 1 53 77 45 45
E-mail: IR@sanofi.com

Sanofi delivers solid 2012 results despite patent expirations

PARIS, Feb. 7, 2013 /PRNewswire/ — Sanofi (NYSE: SNY; EURONEXT: SAN)


Q4 2012
Change on a
reported basis
Change at constant
exchange rates1

FY 2012
Change on a
reported basis
Change at constant
exchange rates
Net sales
Business net income1
€8,526m
€1,572m
+0.2%
-24.3%
-1.7%
-27.1%
€34,947m
€8,179m
+4.7%
-7.0%
+0.5%
-12.9%
Business
EPS1

€1.19

-23.7%

-26.3%

€6.20

-6.8%

-12.8%


In order to facilitate an understanding of our operational performance, we comment on our business net income statement. Business net income1 is a non-GAAP financial measure. The consolidated income statement for 2012 is provided in Appendix 6 and a reconciliation of business net income to consolidated net income in Appendix 5. Consolidated net income for 2012 was €4,967 million, compared to €5,693 million for 2011. Consolidated EPS for 2012 was €3.76 versus €4.31 for 2011.

Commenting on the Group’s performance in 2012, Sanofi Chief Executive Officer, Christopher A. Viehbacher said, “2012 was a turning point for Sanofi with the loss of exclusivity in the U.S. for several significant legacy drugs. Despite the effect of the patent cliff, Sanofi was able to grow sales and mitigate the impact on Business EPS1. At the same time, Sanofi was able to obtain nine significant regulatory approvals and submit six new files with regulatory agencies. Although the financial results in the first half will experience a residual effect from patent expirations, we expect to resume growth in the second half of 2013. This will be driven primarily by continued strong performance from our growth platforms2 which now represent more than 70% of our sales and rose nearly 10%3 in 2012. We are on track to meet our 2012-2015 objectives for sustainable growth.”

2012 Performance

R&D Update

2013 Guidance

(1) See Appendix 9 (on page 26 at http://bit.ly/XQOjJ4) for definitions of financial indicators; (2) See page 2 at http://bit.ly/XQOjJ4; (3) 7.8% with Genzyme pro forma; (4) Growth in net sales is expressed at constant exchange rates (CER) unless otherwise indicated (see Appendix 9 on page 26, at http://bit.ly/XQOjJ4, for a definition); (5) “New Genzyme” consists of rare diseases products and Multiple Sclerosis products; (6) See definition on page 8 at http://bit.ly/XQOjJ4; (7) 2012 business EPS with the retroactive application of IAS19R: €6.14.

To access the full press release of the 2012 annual results, please click here: http://en.sanofi.com/events/2012_Results/docs/2013-02-07_Results-2012_PR_EN.pdf.

Forward-Looking Statements

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. These statements include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and expectations with respect to future financial results, events, operations, services, product development and potential, and statements regarding future performance. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans” and similar expressions. Although Sanofi’s management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Sanofi, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include among other things, the uncertainties inherent in research and development, future clinical data and analysis, including post marketing, decisions by regulatory authorities, such as the FDA or the EMA, regarding whether and when to approve any drug, device or biological application that may be filed for any such product candidates as well as their decisions regarding labelling and other matters that could affect the availability or commercial potential of such product candidates, the absence of guarantee that the product candidates if approved will be commercially successful, the future approval and commercial success of therapeutic alternatives, the Group’s ability to benefit from external growth opportunities, trends in exchange rates and prevailing interest rates, the impact of cost containment policies and subsequent changes thereto, the average number of shares outstanding as well as those discussed or identified in the public filings with the SEC and the AMF made by Sanofi, including those listed under “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in Sanofi’s annual report on Form 20-F for the year ended December 31, 2011. Other than as required by applicable law, Sanofi does not undertake any obligation to update or revise any forward-looking information or statements.

Sanofi: www.sanofi.com


Interview with Christopher A. Viehbacher

View with Windows Media Player
View with Adobe Flash Player

Christopher A. Viehbacher, Chief Executive Officer
Christopher A. Viehbacher, Chief Executive Officer
Jérôme Contamine, Executive VP, Chief Financial Officer
Jérôme Contamine, Executive VP, Chief Financial Officer
Hanspeter Spek, President, Global Operations
Hanspeter Spek, President, Global Operations
Olivier Charmeil, Senior Vice President, Vaccines
Olivier Charmeil, Senior Vice President, Vaccines
Dr. Elias Zerhouni, Global President of R&D
Dr. Elias Zerhouni, Global President of R&D

Download Documents

Related Links

Sanofi.com
Sanofi Investor Relations/2012 Results
Sanofi US Website