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    NOVN   CH0012005267

NOVARTIS AG

(NOVN)
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Novartis : to close Swiss plant, 50 jobs to go

06/09/2021 | 08:41am EDT
Switzerland's national flag flies in front of the logo of Swiss drugmaker Novartis in Basel

ZURICH (Reuters) - Novartis plans to close a plant in the southern Swiss town of Locarno, the drugmaker said on Wednesday, citing falling demand for testing products.

Around 50 jobs are set to go by shuttering the facility in stages by the end of 2023, it added in a statement.

The Pharmanalytica testing facility in Locarno specialises in performing stability tests and specific release tests for Novartis products.

(Reporting by Michael Shields, editing by Louise Heavens)


ę Reuters 2021
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Financials (USD)
Sales 2021 51 962 M - -
Net income 2021 9 849 M - -
Net Debt 2021 22 988 M - -
P/E ratio 2021 20,1x
Yield 2021 3,59%
Capitalization 222 B 222 B -
EV / Sales 2021 4,71x
EV / Sales 2022 4,40x
Nbr of Employees 109 000
Free-Float 87,4%
Chart NOVARTIS AG
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Novartis AG Technical Analysis Chart | NOVN | CH0012005267 | MarketScreener
Technical analysis trends NOVARTIS AG
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 91,05 $
Average target price 105,42 $
Spread / Average Target 15,8%
EPS Revisions
Managers and Directors
Vasant Narasimhan Chief Executive Officer
Harry Werner Kirsch Chief Financial Officer
Hans J÷rg Reinhardt Independent Non-Executive Chairman
John Tsai Chief Medical Officer
Klaus Moosmayer Chief Ethics Risk & Compliance Officer
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