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: 67,900

Sales by Activity: Novo Nordisk A/S

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

Diabetes and Obesity Care

122B 156B 215B 272B 289B

Rare Disease

19.2B 20.54B 17.16B 18.64B 19.61B

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)

63.01B 84.66B 128B 167B 173B

Europe and Canada

- - - - 66.09B

Emerging Markets

- - - - 30.44B

APAC

- - - - 20.71B

Region China

16.02B 16.21B 16.69B 18.5B 18.66B

EMEA

37.71B 44.24B 50.87B 60.4B -

North America (Excl. US)

4.25B 6.45B 9.1B 10.77B -

Rest of the World

19.81B 25.4B 28.08B 33.33B -

Executive Committee: Novo Nordisk A/S

Manager TitleAgeSince
Chief Executive Officer 56 2025-08-06
Director of Finance/CFO 55 2018-02-14
Chief Tech/Sci/R&D Officer 56 2025-08-06
Chief Tech/Sci/R&D Officer 44 2025-04-02
Chief Tech/Sci/R&D Officer - 2025-11-04

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

Director TitleAgeSince
Director/Board Member 61 2017-03-22
Director/Board Member 51 2018-03-21
Director/Board Member 61 2022-03-23
Director/Board Member 60 2014-02-28
Chairman 71 2025-11-13
Director/Board Member 65 2025-11-13
Director/Board Member 53 2025-11-13
Director/Board Member 64 2025-11-13
Director/Board Member 46 2026-01-30
Director/Board Member - 2026-03-25

Shareholders: Novo Nordisk A/S

NameEquities%Valuation
Novo Holdings A/S (Investment Company)
5.238 %
177,560,500 5.238 % 7 589 M kr
0.7444 %
25,237,791 0.7444 % 1 079 M kr
SEB Funds AB
0.2353 %
7,978,192 0.2353 % 341 M kr
Nykredit Bank A/S (Investment Management)
0.1651 %
5,598,160 0.1651 % 239 M kr
ODIN Forvaltning AS
0.1417 %
4,802,672 0.1417 % 205 M kr
NameEquities%Valuation
Bank of America Merrill Lynch Banco Multiplo SA
0.000131 %
35,400 0.000131 % 188 993 kr
Caixa DTVM SA
0.000011 %
2,870 0.000011 % 15 322 kr
NameEquities%Valuation
Novo Holdings A/S (Investment Company)
100 %
1,074,872,000 100 % 45 939 M kr
Anima Sgr SpA
0.0108 %
115,783 0.0108 % 5 M kr
Russell Investments Ltd.
0.000038 %
405 0.000038 % 17 309 kr
NameEquities%Valuation
Loomis, Sayles & Co. LP
0.5054 %
17,135,384 0.5054 % 723 M kr
Fiduciary Trust Company International
0.4745 %
16,086,879 0.4745 % 679 M kr
Eaton Vance Management
0.3788 %
12,842,089 0.3788 % 542 M kr
Merrill Lynch International
0.3501 %
11,868,129 0.3501 % 501 M kr
Capital Research & Management Co. (International Investors)
0.3479 %
11,795,850 0.3479 % 498 M kr

Holdings: Novo Nordisk A/S

NameEquities%Valuation
25,237,791 0.74% 1 079 M $
4,375,000 17.5% 30 M $
4,636,451 4.94% 7 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.($)
+0.91%+1.25%-30.88%-49.10% 207B
-0.89%+3.26%+40.69%+131.73% 898B
+0.16%+3.73%+57.69%+43.55% 556B
+1.09%+3.98%+18.78%+43.23% 372B
+3.31%-0.94%+23.89%+10.73% 326B
-0.12%+2.82%+35.28%+14.33% 287B
+0.64%+3.74%+30.17%+27.15% 285B
-0.04%+0.99%+54.36%-3.18% 280B
-0.07%+2.17%+28.20%+44.34% 181B
-0.74%-1.49%+34.23%+68.94% 164B
Average +0.64%+1.74%+29.24%+33.17% 355.64B
Weighted average by Cap. +0.71%+2.19%+34.20%+51.22%
Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
26
Last Close Price
299.20DKK
Average target price
307.99DKK
Spread / Average Target
+2.94%

Quarterly revenue - Rate of surprise

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