Sanofi raises profit forecasts after strong second quarter

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FILE PHOTO: Sanofi logo is seen during the company's annual results news conference in Paris, France
FILE PHOTO: A Sanofi logo is seen during the company’s annual results news conference in Paris, France, February 6, 2020. REUTERS/Benoit Tessier

July 29, 2021

PARIS (Reuters) – Sanofi raised its 2021 outlook after its vaccines and star eczema treatment Dupixent helped it post better-than-expected second-quarter results on Thursday.

The French drugmaker said it was now targeting earnings per share to grow around 12% at constant exchange rates this year. It had previously been expecting a “high single digit” rise in earnings.

(Reporting by Matthias Blamont; Editing by Jacqueline Wong)