Roche 3Q Sales Increase on Strong Performance of Recently Launched Drugs

By Sonia Amaral Rohter Features Dow Jones Newswires

Roche Holding AG (ROG.EB) said on Thursday that third-quarter sales increased 4.9% on continued strong sales of recently launched drugs.

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The Swiss health-care company reported third-quarter sales of 13.09 billion Swiss francs ($13.35 billion), compared with CHF12.48 billion a year earlier.

According to a Factset survey, analysts expected group sales for the quarter of CHF13.12 billion.

Revenue at Roche's pharmaceuticals division, which accounts for more than three-quarters of sales, increased to CHF10.12 billion, from CHF9.68 billion a year earlier. Revenue in its diagnostics division rose 6.1% to CHF2.98 billion.

Sales of three recently launched drugs, Ocrevus, Tecentriq and Alecensa accounted for more than half of the pharmaceutical division's growth.

The company confirmed its full-year outlook of mid-single-digit sales growth at constant exchange rates, with earnings per share expected to grow in line with sales. Roche said it continues to expect further increases to its dividend.

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"Based on the strong sales growth of our pharmaceuticals and diagnostics divisions in the first nine months, I am confident that we will achieve our full-year targets. The growth is largely driven by new product launches," said Chief Executive Severin Schwan.

Write to Sonia Amaral Rohter at sonia.amaralrohter@dowjones.com

(END) Dow Jones Newswires

October 19, 2017 01:52 ET (05:52 GMT)