× You have changed the size of your browser. Reload the page for best representation and functionality.
Reload
× For horizontal scrolling please use the arrows.
OK
Print table
Consumer Healthcare is now a distinct operating segment and not included in Pharmaceuticals any longer.
Last update on 20/09/2018
Business P&L (in EURm except otherwise stated)FY 2017FY 2018EFY 2019EFY 2020EFY 2021E
Net sales
- Number of Estimates   17 17 17 17 
- Highest   35,031 36,118 38,077 40,770 
- Consensus 35,072 34,457 35,456 37,136 38,863 
- Lowest   34,013 34,747 36,043 36,969 
Other revenues
- Number of Estimates   16 16 16 15 
- Highest   1,233 1,301 1,475 1,356 
- Consensus 1,149 1,167 1,208 1,241 1,250 
- Lowest   997 1,021 1,045 1,069 
Cost of sales
- Number of Estimates   17 17 17 16 
- Highest   -10,996 -10,993 -11,173 -11,580 
- Consensus -11,447 -11,257 -11,439 -11,866 -12,320 
- Lowest   -11,490 -11,712 -12,267 -12,877 
Gross Profit
- Number of Estimates   17 17 17 16 
- Highest   24,959 26,021 27,761 29,633 
- Consensus 24,774 24,373 25,249 26,560 27,914 
- Lowest   23,877 24,521 25,537 26,221 
Gross margin as % of net sales
- Number of Estimates   16 16 16 15 
- Highest   71.2 72.3 72.4 72.7 
- Consensus 70.6 70.7 71.1 71.4 71.6 
- Lowest   70.2 70.3 70.4 70.4 
R&D expenses
- Number of Estimates   18 18 18 17 
- Highest   -5,322 -5,412 -5,515 -5,570 
- Consensus -5,472 -5,664 -5,793 -5,943 -6,082 
- Lowest   -5,860 -6,082 -6,219 -6,356 
SG&A expenses
- Number of Estimates   18 18 18 17 
- Highest   -9,777 -9,681 -9,855 -9,889 
- Consensus -10,072 -9,955 -10,048 -10,273 -10,482 
- Lowest   -10,225 -10,598 -11,133 -11,540 
Other current operating income/expense
- Number of Estimates   15 15 15 15 
- Highest   208 29 -172 -551 
- Consensus 44 -319 -638 -1,011 
- Lowest   -188 -666 -1,136 -1,675 
Share of profit/loss of associates
- Number of Estimates   16 16 16 16 
- Highest   349 544 544 624 
- Consensus 214 292 360 382 429 
- Lowest   212 225 238 238 
Net income attributable to non-controlling interests
- Number of Estimates   15 15 15 15 
- Highest   -92 
- Consensus -125 -115 -47 -46 -45 
- Lowest   -134 -120 -123 -126 
Business operating income
- Number of Estimates   18 18 18 17 
- Highest   9,117 9,834 10,651 12,036 
- Consensus 9,323 8,940 9,361 10,010 10,740 
- Lowest   8,605 8,941 9,358 9,451 
Operating margin as % of net sales
- Number of Estimates   17 17 17 16 
- Highest   26.5 27.5 28.5 29.5 
- Consensus 26.6 25.9 26.4 26.9 27.5 
- Lowest   25.3 25.6 25.5 25.3 
Financial income & expense
- Number of Estimates   18 18 18 17 
- Highest   -258 -190 -140 -90 
- Consensus -273 -338 -383 -373 -345 
- Lowest   -459 -550 -636 -642 
Tax rate in %
- Number of Estimates   15 15 15 15 
- Highest   -21.7 -21.8 -21.5 -21.8 
- Consensus -23.5 -22.0 -22.1 -22.1 -22.1 
- Lowest   -22.6 -22.7 -22.7 -22.8 
Business net income
- Number of Estimates   18 18 18 18 
- Highest   6,868 7,361 8,050 9,161 
- Consensus 6,943 6,757 7,084 7,609 8,199 
- Lowest   6,502 6,735 7,121 7,269 
Net profit margin as % of net sales
- Number of Estimates   17 17 17 17 
- Highest   20.0 20.6 21.4 22.5 
- Consensus 19.8 19.6 20.0 20.5 21.1 
- Lowest   19.0 19.3 19.6 19.5 
Number of shares
- Number of Estimates   18 18 18 17 
- Highest   1,262 1,282 1,291 1,299 
- Consensus 1,257 1,243 1,232 1,224 1,217 
- Lowest   1,226 1,208 1,202 1,187 
Business EPS (in EUR)
- Number of Estimates   18 18 18 18 
- Highest   5.51 5.98 6.69 7.72 
- Consensus 5.52 5.43 5.75 6.21 6.74 
- Lowest   5.24 5.49 5.78 6.03 
Dividend per Share (in EUR)
- Number of Estimates   14 14 13 11 
- Highest   3.15 3.28 3.44 3.75 
- Consensus 3.03 3.07 3.14 3.29 3.51 
- Lowest   2.97 2.94 3.14 3.34 
More estimates on Vara Online Services
Last update on 20/09/2018
The above consensus estimates are reset after each quarterly report. Hence, the estimates do not contain any estimates older than three months.
Disclaimer
This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.