This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Novo Nordisk A/S Management Discusses Q2 2012 Results - Earnings Call Transcript

Novo Nordisk A/S (NVO)

Q2 2012 Earnings Call

August 13, 2012 7:00 am ET


Mads Krogsgaard Thomsen - Chief Science Officer, Executive Vice President and Member of the Senior Management Board

Lars Rebien Sørensen - Chief Executive Officer, President and Member of the Senior Management Board

Kåre Schultz - Chief Operating Officer, Executive Vice President and Member of the Senior Management Board

Jesper Brandgaard - Chief Financial Officer, Executive Vice President, Member of the Senior Management Board, Chairman of Novo Nordisk Engineering A/S and Chairman of Novo Nordisk IT A/S


Brian Bourdot - Barclays Capital, Research Division


Mads Krogsgaard Thomsen

So Lars, thank you very much and the rest of the team. It's my pleasure, as I said, to introduce all of you without much further ado, I'm going to hand over the mic to Lars Sørensen to make some opening comments on the quarter and also what hope we get over the second half of this year. Lars, all yours.

Lars Rebien Sørensen

Thank you. How do I move? So thank you very much and thanks for the invitation. We've been kind of dreading coming over here not because of the results, but because of the Olympics. As it turned out, it was very quiet this morning and almost sort of silent. So we have prepared ourselves to fight through the city, but that didn't occur, so -- and the weather has been nice. So thank you very much for that. I'm just going to say a few words of introduction and then we will get on with the program. You'll get a little bit more extensive update by Kåre Schultz, Chief Financial Officer, sitting over there; and Mads Krogsgaard will be giving you an update on R&D; and Jesper Brandgaard is here. He's just out for the moment, and then we will enable the Q&A, which we'll take a seat at the table, and hope that works out.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs