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Obesity
Blog
Novo Nordisk
NOVO-B.CO
NVO
XBRL Financials
Obesity Pipeline
Annotated Timeline
Denmark Hub
Blog Posts
Fwd P/E
14.3
EV/EBITDA
9.7
P/B
6.0
P/S
4.0
Div Yield
3.9%
ROE
59.8%
Revenue
329B
DKK
2016: 111780.0
2017: 111696.0
2018: 111831.0
2019: 122021.0
2020: 126946.0
2021: 140800.0
2022: 176954.0
2023: 232261.0
2024: 290403.0
2025: 309064.0
2026E: 299382.4
2027E: 303931.0
Gross Profit
266B
DKK
2016: 94597.0
2017: 94064.0
2018: 94214.0
2019: 101933.0
2020: 106014.0
2021: 117142.0
2022: 148506.0
2023: 196496.0
2024: 245881.0
2025: 250276.0
EBIT
142B
DKK
2016: 48432.0
2017: 48967.0
2018: 47248.0
2019: 52483.0
2020: 54126.0
2021: 58644.0
2022: 74809.0
2023: 102574.0
2024: 128339.0
2025: 127658.0
Net Income
116B
DKK
2016: 37925.0
2017: 38130.0
2018: 38628.0
2019: 38951.0
2020: 42138.0
2021: 47757.0
2022: 55525.0
2023: 83683.0
2024: 100988.0
2025: 102434.0
EPS
26.20
DKK
2016: 15.0
2017: 15.4
2018: 15.9
2019: 16.4
2020: 18.0
2021: 20.7
2022: 24.4
2023: 18.6
2024: 22.6
2025: 23.0
2026E: 21.4
2027E: 21.8
Op. Cash Flow
133B
DKK
2016: 48314.0
2017: 41168.0
2018: 9815.0
2019: 46782.0
2020: 51951.0
2021: 55000.0
2022: 78887.0
2023: 108908.0
2024: 120968.0
2025: 119102.0
Gross Margin
81.0%
2016: 84.6
2017: 84.2
2018: 84.2
2019: 83.5
2020: 83.5
2021: 83.2
2022: 83.9
2023: 84.6
2024: 84.7
2025: 81.0
Op. Margin
41.3%
2016: 43.3
2017: 43.8
2018: 42.2
2019: 43.0
2020: 42.6
2021: 41.7
2022: 42.3
2023: 44.2
2024: 44.2
2025: 41.3
LT Debt
119B
DKK
2018: 0.0
2019: 3009.0
2020: 2897.0
2021: 12961.0
2022: 24318.0
2023: 20528.0
2024: 89674.0
2025: 118941.0
ROIC
35.9%
2016: 144.6
2017: 123.9
2018: 105.9
2019: 100.0
2020: 84.9
2021: 68.0
2022: 65.7
2023: 75.8
2024: 48.0
2025: 35.9
Dividends
52B
DKK
2016: 23830.0
2017: 18844.0
2018: 19048.0
2019: 19409.0
2020: 20121.0
2021: 21517.0
2022: 25303.0
2023: 31767.0
2024: 44140.0
2025: 51763.0
NOVO-B.CO · Weekly
5Y
10Y
Max
Obesity Pipeline
Compare Novo obesity assets
Efficacy · tolerability · weight-loss trajectory
Obesity pipeline matrix
Indications & phases across sponsors
Obesity drug sales
Quarterly revenue by SKU
Semaglutide (Wegovy)
Wegovy 2.4mg · oral pill · HD 7.2mg
Wegovy HD
Semaglutide 7.2 mg high-dose
Oral Wegovy
Oral semaglutide 25 mg
CagriSema
Semaglutide 2.4 + cagrilintide · filed
Cagrilintide
Amylin monotherapy · Phase 3
Zenagamtide
Formerly amycretin · Phase 3
UBT251
GLP-1/GIP/glucagon triple · Phase 2
News
2026-09-21
Capital Markets Day (London, 09:00-15:30 BST, webcast): Executive Management presents a comprehensive overview of strategy, R&D pipeline, business operations and performance - Doustdar's first CMD, one week before EASD Milan
2026-09-07
STEP Young phase 3 (children 6 to <12 with obesity, 68 wks): semaglutide + lifestyle met the primary BMI endpoint; 40.4% no longer classified with obesity vs 0% on placebo - first GLP-1 phase 3 readout in this age group (>85% had severe class II/III obesity at baseline)
2026-09-07
Novo halts HERMES and ATHENA, two phase 3 heart-failure trials of IL-6 antibody ziltivekimab, after the data monitoring committee judged them unlikely to succeed - a second setback for the drug after ZEUS
2026-08-27
China's NMPA accepts Novo's marketing application for oral Wegovy (semaglutide 25 mg) for weight management - filed ahead of the early-2027 expiry of semaglutide's regulatory data protection in China, chasing Lilly's end-2025 orforglipron filing
2026-08-04
Novo reports Q2 2026 adjusted operating profit of DKK 33.4bn (+11% CER) on adjusted sales of DKK 78.5bn (+7% CER)
2026-08-04
Novo raises 2026 outlook to 0% to -6% (CER) for both adjusted sales and operating profit, up from -4% to -12% guided in May, on stronger GLP-1 product sales
2026-07-15
European Commission approves the Wegovy pill (oral semaglutide 25 mg), the first oral GLP-1 for weight management in the EU, plus the Wegovy 7.2 mg pen
2026-07-01
CMS Medicare GLP-1 Bridge launches: a fixed $50/month copay for Wegovy (injection and pill) and rivals, running through Dec 2027
Why Novo Nordisk Can't Catch Up Eli Lilly Despite Wegovy Pill Success
CNBC · 2026-04-07
CNBC explains how Novo's weight loss pill faces competition from Eli Lilly's oral GLP-1.
Novo to Disclose 'Next Chapter' at Sept. 15 Employee Event
Bloomberg · 2026-09-11
An internal townhall on 15 September, less than a week before Novo's Capital Markets Day on 21 September.
Novo Nordisk's ziltivekimab stumbles again on pair of Phase III terminations
Clinical Trials Arena · 2026-09-07
HERMES and ATHENA, the heart-failure trials of the IL-6 antibody, stopped after a futility finding, following the earlier ZEUS miss.
Lilly's triple agonist retatrutide delivered powerful weight loss in pivotal Phase 3 obesity trial (TRIUMPH-1)
Eli Lilly · 2026-05-21
TRIUMPH-1 Phase 3: retatrutide 12 mg -28.3% (efficacy estimand) / -25.0% (treatment-regimen) at 80 weeks vs placebo -2.2%. Diagnosis-based T2D exclusion, no HbA1c screen (same as SCALE/liraglutide approach). NCT05929066.
Novo Nordisk launches higher-dose Wegovy in the United States
Reuters · 2026-04-07
Novo Nordisk launches higher-dose Wegovy in the US market.
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