Business description: Novo Nordisk A/S

Novo Nordisk A/S specializes in the design, manufacture and marketing of pharmaceutical products. Net sales break down by family of products as follows:

- diabetes and obesity treatment products (93.7%);

- rare disease treatment products (6.3%): intended for the treatment of haemophilia, blood disorders, hormonal disorders, etc.

Net sales are distributed geographically as follows: Europe and Canada (21.4%), the United States (56%), Latin America/Middle East/Africa (9.9%), China/Hong Kong/Taiwan (6%), Asia/Pacific (6.7%).

Number of employees: 69,150

Sales by Activity: Novo Nordisk A/S

Fiscal Period: December 2021 (DKK) 2022 (DKK) 2023 (DKK) 2024 (DKK) 2025 (DKK)

Diabetes and Obesity Care

12TCr 16TCr 22TCr 27TCr 29TCr

Rare Disease

1.92TCr 2.05TCr 1.72TCr 1.86TCr 1.96TCr

Geographical breakdown of sales: Novo Nordisk A/S

Fiscal Period: December 2021 (DKK) 2022 (DKK) 2023 (DKK) 2024 (DKK) 2025 (DKK)

United States of America (USA)

6.3TCr 8.47TCr 13TCr 17TCr 17TCr

Europe and Canada

- - - - 6.61TCr

Emerging Markets

- - - - 3.04TCr

APAC

- - - - 2.07TCr

Region China

1.6TCr 1.62TCr 1.67TCr 1.85TCr 1.87TCr

EMEA

3.77TCr 4.42TCr 5.09TCr 6.04TCr -

North America (Excl. US)

425.4Cr 645.1Cr 909.5Cr 1.08TCr -

Rest of the World

1.98TCr 2.54TCr 2.81TCr 3.33TCr -

Executive Committee: Novo Nordisk A/S

Manager TitleAgeSince
Chief Executive Officer 56 07/08/2025
Director of Finance/CFO 55 15/02/2018
Chief Tech/Sci/R&D Officer 56 07/08/2025
Chief Operating Officer 51 01/08/2025
Corporate Officer/Principal 60 -

Composition of the Board of Directors: Novo Nordisk A/S

Director TitleAgeSince
Director/Board Member 61 23/03/2017
Director/Board Member 51 22/03/2018
Director/Board Member 61 24/03/2022
Director/Board Member 60 01/03/2014
Chairman 71 14/11/2025
Director/Board Member 64 14/11/2025
Director/Board Member 53 14/11/2025
Director/Board Member 64 14/11/2025
Director/Board Member 46 31/01/2026

Shareholders: Novo Nordisk A/S

NameEquities%Valuation
Novo Holdings A/S (Investment Company)
5.238 %
17,75,60,500 5.238 % 6 675 M kr
0.6323 %
2,14,34,799 0.6323 % 806 M kr
Nykredit Bank A/S (Investment Management)
0.1704 %
57,77,588 0.1704 % 217 M kr
Sjunde AP-fonden
0.1398 %
47,38,475 0.1398 % 178 M kr
ODIN Forvaltning AS
0.1397 %
47,34,496 0.1397 % 178 M kr
NameEquities%Valuation
Caixa DTVM SA
0.000012 %
3,270 0.000012 % 15 667 kr
NameEquities%Valuation
Novo Holdings A/S (Investment Company)
100 %
1,07,48,72,000 100 % 40 410 M kr
ANIMA Sgr SpA
0.0108 %
1,15,783 0.0108 % 4 M kr
Russell Investments Ltd.
0.000038 %
405 0.000038 % 15 226 kr
NameEquities%Valuation
Loomis, Sayles & Co. LP
0.5054 %
1,71,35,384 0.5054 % 642 M kr
Fiduciary Trust Company International
0.4337 %
1,47,02,508 0.4337 % 551 M kr
Eaton Vance Management
0.3788 %
1,28,42,089 0.3788 % 481 M kr
Merrill Lynch International
0.3501 %
1,18,68,129 0.3501 % 444 M kr
Capital Research & Management Co. (International Investors)
0.3307 %
1,12,11,106 0.3307 % 420 M kr

Holdings: Novo Nordisk A/S

NameEquities%Valuation
2,14,34,799 0.63% 806 M $
43,75,000 17.5% 28 M $
73,33,778 7.82% 13 M $

Company details: Novo Nordisk A/S

Novo Nordisk A/S

Novo Allé 1

2880, Bagsværd

+45 44 44 88 88

http://www.novonordisk.com
address Novo Nordisk A/S(NOVO B)

Group companies: Novo Nordisk A/S

NameCategory and Sector
Pharmaceuticals: Major
Pharmaceuticals: Major
Engineering & Construction
Engineering & Construction
Pharmaceuticals: Major

Other Pharmaceuticals

Change 5d. change 1-year change 3-years change Capi.($)
+0.02%-0.34%-52.94%-49.79% 17TCr
+0.80%-0.53%+22.88%+203.58% 88TCr
-0.21%+0.47%+48.18%+57.79% 58TCr
-2.52%-4.53%+3.84%+44.57% 39TCr
+0.79%-6.01%+5.81%+21.36% 32TCr
+0.11%-0.83%+21.02%+34.57% 30TCr
+0.43%-1.54%+25.20%+62.42% 29TCr
-0.26%-0.16%+22.07%+9.34% 29TCr
-0.43%-0.90%+17.13%+57.05% 20TCr
+0.42%+0.74%+27.91%+82.35% 18TCr
Average -0.26%-1.36%+14.11%+52.33% 35.94TCr
Weighted average by Cap. -0.36%-1.32%+19.74%+79.55%
Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
24
Last Close Price
247.05DKK
Average target price
329.40DKK
Spread / Average Target
+33.33%

Quarterly revenue - Rate of surprise

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