Novo Nordisk reports recordbreaking year

Strong sales and favourable price development result in record profits

It was a bumper year for the medicinal mammoth Novo Nordisk. The company has posted a pre-tax profit of 34.5 billion kroner off revenue of 88.8 billion kroner – an increase in turnover of 8 percent on 2013.

Jyllands-Posten calculates that this equates to earning 4 million kroner per hour, day and night over the whole year.

An important year in 2015
Lars Rebien Sørensen, the head of Novo Nordisk, expressed satisfaction this morning. "We are pleased with Novo Nordisk's financial performance in 2014 – a more challenging year than usual,” he said.

“Levemir and Victoza drove most of our sales growth, and our new long-acting insulin Tresiba continues to perform well. 2015 will be an important year for us with the first launches of Saxenda and Xultophy as well as significant results from our late-stage development portfolio."

The US dollar exchange rate contributed to a favourable price development for the company, with sales in North America up 11 percent.

Progress in America is set to continue following the FDA approval of the obesity drug Saxenda in September.

READ MORE: Thumbs up for Novo Nordisk obesity drug





  • Most people in Denmark find jobs through ads and networking, survey shows

    Most people in Denmark find jobs through ads and networking, survey shows

    A survey conducted on 18,000 people shows that one-third of those interviewed found a job through their personal network, the same proportion as those who found a job via job advertisements. Institutional channels, like job centers, lag behind

  • 40% of unemployed in Denmark found jobs in 2024

    40% of unemployed in Denmark found jobs in 2024

    An analysis from AE, using data from Eurostat, states that in 2024, around 40% of unemployed people found a job. For those who were long-term unemployed, the figure was 28%. It’s the best performance in Europe.

  • Want to keep your international employees? Then help them leave

    Want to keep your international employees? Then help them leave

    Something many internationals don’t know is what happens in Denmark when you leave a company. While in many countries this is usually a difficult moment, things work differently here. In Denmark, it’s normal to leave a company, to return later, or even to help your employees find a new job. “Here, it’s okay to move on,” writes Signe Biering.