Novo Nordisk
Q1 2023 Earnings Call
May 04, 2023, 7:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, and thank you for standing by. Welcome to the first-quarter 2023 Novo Nordisk A/S earnings conference call. [Operator instructions] Please be advised that this conference is being recorded. I would now like to hand the conference over to your speaker today, CEO, Lars Fruergaard Jorgensen.
Please go ahead.
Lars Fruergaard Jorgensen -- President and Chief Executive Officer
Thank you, operator. Welcome to this Novo Nordisk earnings call for the first three months of 2023. Today's announcement discloses the full set of results, following the release of top-line results and updated outlook earlier in April. This was shared ahead of time due to Danish securities regulations.
My name is Lars Fruergaard Jorgensen, and I'm the CEO of Novo Nordisk. With me today, I have executive vice president and head of commercial strategy and corporate affairs, Camilla Sylvest; executive vice president and head of North America operations, Doug Langa; executive vice president and head of development, Martin Holst Lange; and finally, chief financial officer, Karsten Munk Knudsen. All of us will be available for the Q&A session. Today's announcement and the slides for this call are available on our website, novonordisk.com.
Please note that this call is being webcasted live, and a recording will be made available on our website as well. The call is scheduled to last one hour. Please turn to the next slide. The presentation is structured as outlined on Slide 2.
Please note that all sales and operating profit growth statements will be at constant exchange rate unless otherwise specified. As always, I need to advise you that this call will contain forward-looking statements such as subject to risks and uncertainty that could cause actual results to differ materially from expectations. For further information on the risk factors, please see the company announcement for the first three months of 2023 and the slides prepared for this presentation. Please turn to the next slide.
In the first three months of 2023, we delivered 25% sales growth and 28% operating profit growth. Furthermore, we raised the outlook for the year in the early announcement shared on April 30, 2023 -- 13th of 2033. I'd like to start this call by going through the performance highlights across our strategic aspirations before handing over the word to my colleagues. Within purpose and sustainability, we continue to make progress across all dimensions.