Please login to the form below

Not currently logged in
Email:
Password:

J&J sales up 8.3 per cent

Johnson & Johnson has reported total sales of $16.60bn for the second quarter of 2011, with strong international pharma growth countering a decline in US consumer products due in part to several recalls

Johnson & Johnson (J&J) has reported total sales of $16.60bn for the second quarter of 2011, an improvement of 8.3 per cent on 2010's performance.

Net profit for the company was down, however, decreasing from $3.45bn for Q2 2010 to $2.78bn for the same period in 2011. This year's figure was affected by an after-tax charge of $549m representing restructuring by Cordis Corporation, as well as litigation charges of $363m and a $54m cost for the recall of the DePuy ASRTM Hip.

The company's strongest area of growth was in pharmaceutical products sold outside the US. J&J made $2.99bn in the region, an increase of 22.6 per cent from 2010.

Behind this growth were recent product launches and approvals, including psoriasis treatment Stelara (ustekinumab); prostate cancer drug Zytiga (abiraterone acetate) and Invega Sustenna (paliperidone palmitate) for schizophrenia.

The strong international performance helped vounter a downturn in sales for the company's US consumer segment, with revenues down 8.5 per cent. J&J has faced several recalls and suspensions in the past year relating to products produced at its McNeil Consumer Healthcare facility in Fort Washington, Pennsylvania.

The company's half-year figures saw net earnings decrease too, with the company making $6.25bn for the first six months of 2011 compared to $7.98bn in 2010.

Sales for the period were up by 5.8 per cent, however, totalling $32.77bn.

19th July 2011

Share

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
BASTARD . LONDON

BASTARD . LONDON collaborates with you to amplify brand ideas into a visual brand language that resonates and engages with...

Latest intelligence

ABPI2018
The NHS and ABPI at 70: inching closer to the triple win
The NHS and UK pharma’s ABPI both turn 70 this year. After years of transactional relationships, there’s a will to work more closely - but friction on prices and value...
What pharma marketers can learn from behavioural science
Pharma behavioural science and traditional emotional marketing create a powerful mix of techniques that have impact on real lives....
NEW EU DATA PROTECTION REGULATION POISED TO CHANGE DATA PRIVACY LANDSCAPE
NEW EU DATA PROTECTION REGULATION POISED TO CHANGE DATA PRIVACY LANDSCAPE The bold digital clock featured on the EUGDPR (EU General Data Protection Regulation)1 website indicates – to the second...

Infographics