2023 Guidance and Q3 Earnings
2023 guidance at CER upgraded (excl. COVID-19 solutions)
2023 guidance
2023 sales guidance composition
Vaccines
Around 20% growth
Sales
Adj. operating profit
Adj. earnings per share
12% to 13% growth
Previously 8% to 10% growth
13% to 15% growth
Previously 11% to 13% growth
17% to 20% growth
Previously 14% to 17% growth
Speciality Medicines¹
Low double-digit % growth
HIV
Around 10% growth
General Medicines
Low to mid single-digit % growth
2023 Arexvy considerations
Q3 sales of £709m benefited from strong demand and initial channel inventory build, with TRx volumes representing ~1/3 volumes sold
Correlation between influenza and RSV vaccination to date
Expect full year sales of around £0.9-1bn, with further insight to be gained at the end of the 'flu season
If exchange rates were to hold at the closing rates on 30 Sep 2023 ($1.23/£1, €1.16/£1 and Yen 183/£1) for the rest of 2023, the estimated impact on full-year 2023 Sterling
turnover growth would be -2% and the estimated impact on Adjusted Operating Profit growth would be -4%.
GSK
All guidance, outlooks, ambitions and expectations should be read together with the guidance, assumptions and cautionary statement in the Q3 2023 earnings release and the 2022 Annual Report.
1. including HIV
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