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

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 07/08/2025
Director of Finance/CFO 55 15/02/2018
Chief Tech/Sci/R&D Officer 56 07/08/2025
Corporate Officer/Principal 60 -
Human Resources Officer 49 01/01/2022

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 63 14/11/2025
Director/Board Member - 31/01/2026

Shareholders: Novo Nordisk A/S

NameEquities%Valuation
Novo Holdings A/S (Investment Company)
5.238 %
177,560,500 5.238 % 10 453 M kr
0.5393 %
18,283,326 0.5393 % 1 076 M kr
Nykredit Bank A/S (Investment Management)
0.1474 %
4,997,158 0.1474 % 294 M kr
Nordea Investment Management AB
0.1399 %
4,741,771 0.1399 % 279 M kr
Sjunde AP-fonden
0.1398 %
4,738,475 0.1398 % 279 M kr
NameEquities%Valuation
Caixa DTVM SA
0.000011 %
2,970 0.000011 % 22 294 kr
NameEquities%Valuation
Novo Holdings A/S (Investment Company)
100 %
1,074,872,000 100 % 63 280 M kr
ANIMA Sgr SpA
0.0108 %
115,783 0.0108 % 7 M kr
Russell Investments Ltd.
0.000038 %
405 0.000038 % 23 843 kr
NameEquities%Valuation
Loomis, Sayles & Co. LP
0.5054 %
17,135,384 0.5054 % 1 018 M kr
Fiduciary Trust Company International
0.4337 %
14,702,508 0.4337 % 874 M kr
Fidelity Management & Research Co. LLC
0.4152 %
14,075,391 0.4152 % 837 M kr
Merrill Lynch International
0.3954 %
13,403,378 0.3954 % 797 M kr
Eaton Vance Management
0.3788 %
12,842,089 0.3788 % 763 M kr

Holdings: Novo Nordisk A/S

NameEquities%Valuation
18,283,326 0.54% 1 076 M $
4,375,000 17.5% 32 M $
8,895,649 9.49% 16 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
Engineering & Construction
Engineering & Construction

Other Pharmaceuticals

Change 5d. change 1-year change 3-years change Capi.($)
+1.32%+5.11%-44.29%-37.51% 219B
+0.33%-1.72%+23.18%+199.23% 929B
-0.45%+1.44%+55.91%+50.24% 587B
+1.76%+3.61%+20.03%+51.71% 409B
+0.08%+1.01%+22.24%+29.31% 374B
+1.42%+7.19%+29.13%+31.26% 320B
+1.08%+4.32%+31.22%+55.61% 311B
+1.82%-0.43%+46.26%+11.65% 301B
+1.52%-3.94%+26.80%+53.17% 199B
+2.09%+1.63%+48.90%+80.88% 192B
Average +1.10%+1.96%+25.94%+52.56% 384.1B
Weighted average by Cap. +0.81%+1.58%+28.33%+76.90%
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
310.60DKK
Average target price
379.36DKK
Spread / Average Target
+22.14%

Quarterly revenue - Rate of surprise

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