68.1B 4.1%
Total Revenue QoQ (DKK) - Q2 '24

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Income Statement (DKK)

Q2 '24 QoQ
Revenue 68.1B 4.1%
Gross Profit 57.8B 4.2%
Cost of Revenue 10.3B 3.6%
Operating expense 42.1B 83%
Net Income 20.1B 21.1%

Balance Sheet (DKK)

Q2 '24 QoQ
Total Assets 369B 23.6%
Total Liabilities 257B 28.4%
Total Equity 113B 13.8%
Shares Outstanding 4.45B 0.4%

Cash Flow (DKK)

Q2 '24 QoQ
Cash from operations 50.5B 252.8%
Cash from financing 16.7B 163.2%

Financial Highlights for Novo Nordisk in Q2 '24

Novo Nordisk reported a revenue of 68.1B, which is a 4.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.

Gross Profit stood at 57.8B, marking a 4.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 10.3B, a 3.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.

Operating Expenses for this period were 42.1B, showing a 83% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.

Net Income for the quarter was 20.1B, showing a -21.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.

Novo Nordisk faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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