Analyst: Novo Nordisk's year may start with zero growth

Last year's stockpiling at the start of the covid-19 pandemic provides difficult grounds for comparison for Novo Nordisk, which publicizes its Q1 report on Wednesday.

Photo: Stine Tidsvilde

Although covid-19 restrictions are slowly easing up, Danish financial institution Sydbank believes that pharmaceutical company Novo Nordisk's growth will be kept down by the crisis.

The reason for this is that in the first three months of last year, patients stockpiled medicine to prepare for long-term lockdowns. Thus, the revenue for Q1 last year was around DKK 2bn (USD 324.6m) more than it would have normally been, according to Novo Nordisk's own estimates.

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