Investor Presentation
146
Investor presentation First six months of 2022
Operating profit expected to be positively impacted by
currencies in 2022, partly countered by net financials
I Avg. H1 2022 vs. Avg. H1 2021
Exp. Avg FY 2022'vs. FY 2021
14%
10%
6%
Hedged
2%
-2%
-6%
-10%
USD/DKK
CNY/DKK JPY/DKK
CAD/DKK
GBP/DKK
30%
15%
0%
Non-
hedged
-15%
-30%
-45%
RUB/DKK
INR/DKK
ARS/DKK
BRL/DKK
TRY/DKK
1 Year-to-date realised data and remainder expected flat currency development based on the spot rate as of 1 August 2022
H1 2022
Positive impact on operating profit of DKK 3.6
billion
Foreign exchange net loss of DKK 2.0 billion
FY 2022 outlook
Currency impact on Operating profit is expected to
be +14%-points
Net financial items is expected to be a loss of DKK
5.5 billion, of which DKK 4.5 billion is driven by
foreign exchange:
Hedging losses mainly driven by the US dollar,
reflecting a higher estimated avg. US dollar in
2022 vs FY2021
Hedging costs
Novo NordiskⓇView entire presentation