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Sandoz Group AG (LTS:0SAN) PensionAndRetirementBenefit : CHF241 Mil (As of Dec. 2024)


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What is Sandoz Group AG PensionAndRetirementBenefit?

Sandoz Group AG's PensionAndRetirementBenefit for the quarter that ended in Dec. 2024 was CHF241 Mil.

Sandoz Group AG's quarterly PensionAndRetirementBenefit declined from Dec. 2023 (CHF225 Mil) to Jun. 2024 (CHF0 Mil) but then increased from Jun. 2024 (CHF0 Mil) to Dec. 2024 (CHF241 Mil).

Sandoz Group AG's annual PensionAndRetirementBenefit increased from Dec. 2022 (CHF221 Mil) to Dec. 2023 (CHF225 Mil) and increased from Dec. 2023 (CHF225 Mil) to Dec. 2024 (CHF241 Mil).

Sandoz Group AG PensionAndRetirementBenefit Historical Data

The historical data trend for Sandoz Group AG's PensionAndRetirementBenefit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sandoz Group AG PensionAndRetirementBenefit Chart

Sandoz Group AG Annual Data
Trend Dec22 Dec23 Dec24
PensionAndRetirementBenefit
220.79 224.85 240.73

Sandoz Group AG Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24
PensionAndRetirementBenefit 220.79 - 224.85 - 240.73

Sandoz Group AG PensionAndRetirementBenefit Calculation

PensionAndRetirementBenefit is the carrying amount as of the balance sheet date of the portion of the obligations recognized for the various benefits provided to former or inactive employees, their beneficiaries, and covered dependents after employment but before retirement.

Sandoz Group AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sandoz Group AG (LTS:0SAN) » Definitions » PensionAndRetirementBenefit
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Traded in Other Exchanges
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Address
Centralbahnstrasse 4, Basel, CHE, 4051
Website
https://www.sandoz.com
Sandoz is one of the largest generic pharmaceutical manufacturers in the world, generating over $9 billion annually from off-patent drugs. Once part of Novartis, Sandoz spun off and went public in October 2023. Generics, including small molecules and complex injectables, make up roughly 75% of Sandoz's total sales, and the firm has a significant presence in Europe, the United States, and other key international markets. Sandoz generates its remaining sales from biosimilars and is among leaders in the space. Sandoz launched Europe's first biosimilar, Omnitrope, in 2006 as well as the first US biosimilar, Zarxio, in 2015. It currently has eight commercialized biosimilars in a number of markets and has over 20 assets in its pipeline.

Sandoz Group AG Headlines

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