Sanofi Raises FY21 Earnings Outlook As Dupixent, Vaccines Boost Q3 Performance

Sanofi SA's SNY Q3 sales grew 10.1% Y/Y to €10.4 billion due to solid growth from Dupixent, Vaccines, and Consumer Healthcare.
EPS for the quarter increased 19.1% on reported and CER basis to €2.18.
Sales from eczema treatment, Dupixent, jumped 54% to €1.41 billion.
Vaccines sales increased 16.5% to €2.42 billion with record quarterly sales driven by flu vaccines and meningitis franchise recovery.
Consumer Healthcare sales increased 11.1% to €1.16 billion, driven by the growth of Pain care and Digestive Wellness categories.
The gross margin increased 1.9 percentage points to 72.8% versus the third quarter of 2020.
Sanofi generated a free cash flow of €2.20 billion.
Guidance: Sanofi now expects EPS to climb by around 14% at constant currencies for FY21, up from a previous, already improved estimate for 12% growth released in July.
Read Next: Analyst Upgrades Sanofi On COVID-19 Vaccine Optimism.
Price Action: SNY shares traded higher by 0.69% at $49.91 premarket on the last check Thursday.

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