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Stock impact report

Boehringer's operating income up 20.7 percent on Sanofi deal [Reuters]

Sanofi - American Depositary Shares (SNY) 
US:NYSE Investor Relations: sanofi.com/en/investors
Company Research Source: Reuters
Boehringer's operating income up 20.7 percent on Sanofi deal | Reuters Reuters Staff 2 Min Read FRANKFURT, April 25 (Reuters) - Boehringer Ingelheim, Germany’s second-largest drugmaker, posted a gain in operating income of 20.7 percent to 3.5 billion euros ($4.27 billion) last year, boosted by the purchase of Sanofi’s veterinary medicine. Full-year sales increased 13.9 percent to 18.1 billion euros, it said in a statement on Wednesday. That translates to a gain of 4.4 percent when excluding the effects of the Sanofi transaction, which was wrapped up at the beginning of 2017. The asset swap saw unlisted Boehringer take Sanofi’s $13.5 billion animal health subsidiary, making it the world’s second-largest player in the industry after Zoetis. In return, Sanofi obtained the German company’s consumer health care business unit, valued at nearly $8 billion, plus $5.5 billion in cash from Boehringer, which Boehringer at the time paid largely from existing liquidity on its balance sheet. The ma Show less Read more
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