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GlaxoSmithKline (GSK: LSE) Q3 results interview with CFO, Simon Dingemans
publication date: Dec 23, 2013
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author/source: 3B Nexus
GSK reports sales growth +1%, earnings per share +16% and strong cash generation which has enabled the company to re-affirm its guidance for the full year.
Simon Dingemans, CFO, gives an update on the emerging markets business.
Key highlights
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Core EPS 28.9p (+16%) benefiting from operating, financial and long-term cost efficiencies
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Pharma & Vaccines sales flat: US +2%, Europe +5%, Japan +2% offset by EMAP -9%
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Consumer Healthcare +4%
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4 approvals in 3 markets; Tivicay for HIV and FluLaval Q-IV vaccine for flu; Tafinlar for metastatic melanoma; Relvar Ellipta for asthma
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Q3 dividend of 19p (+6%)
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Full year 2013 guidance reaffirmed
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