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Novo Nordisk had a record-breaking 2021 profit, but has reined in expectations for 2022

In 2021, Novo Nordisk has lifted both its revenue and profits to new heights, driven by great progress of its diabetes flagship semaglutide in both tablet and injection form. There are challenges ahead, however, the company warns, as it predicts less progress in 2022.

Photo: Stine Tidsvilde

2021 was a historically good year for Novo Nordisk, which has never achieved such high revenue and profit results before, the company’s full-year report, released on Wednesday morning, states.

For the fourth quarter of 2021, Novo Nordisk can present net profits of DKK 10.9bn (USD 1.65bn), which brings the full year’s profits up to DKK 47.8bn (USD 7.2bn) compared to 2020’s DKK 42.1bn (USD 6.4bn). That is a 14 percent increase at constant exchange rates (CER), according to the report.

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