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Industry Report Card: European Health Care Oct 02

  • ID: 1817795
  • October 2002
  • Region: Europe
  • Standard & Poors

FEATURED COMPANIES

  • AstraZeneca PLC
  • Aventis S.A.
  • Centerpulse Ltd.
  • GlaxoSmithKline PLC
  • Italy (Republic of)
  • Nestle S.A.
  • MORE

Abstract
In 2002, the European pharmaceuticals industry is as strong as ever. Apart from the expected expiry of Losec/Prilosec, the industry has a reasonably young product portfolio. In addition, many players project growth levels well above GDP--four out of the five rated pharmaceuticals companies reported double-digit sales growth in the first half of 2002 (see table 1). Compared with a few years ago, these players have better balanced portfolios of drugs, good near- to mid-term pipelines, and continue to benefit from lower cost bases following merger-related restructuring. European pharmaceuticals companies collectively represent one of Standard & Poor's most highly rated industries. Industry characteristics are positive and include very high EBITDA margins, even when compared with leading players from other highly rated...

Companies mentioned in this report are:
- Austria (Republic of)
- Sweden (Kingdom of)
- France (Republic of)
- Japan
- Nestle S.A.
- Germany (Federal Republic of)
- Italy (Republic of)
- Swiss Confederation
- Unilever PLC
- Nokia Corp.
- Bayer AG
- Hungary
- AstraZeneca PLC
- Poland (Republic of)
- Novartis READ MORE >

Note: Product cover images may vary from those shown

- Austria (Republic of)
- Sweden (Kingdom of)
- France (Republic of)
- Japan
- Nestle S.A.
- Germany (Federal Republic of)
- Italy (Republic of)
- Swiss Confederation
- Unilever PLC
- Nokia Corp.
- Bayer AG
- Hungary
- AstraZeneca PLC
- Poland (Republic of)
- Novartis AG
- Aventis S.A.
- GlaxoSmithKline PLC
- Centerpulse Ltd.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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