Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Novartis Expects to Meet Revenue Target, Jimenez Tells Aargauer

July 11 (Bloomberg) -- Novartis AG expects to meet its goal of increasing revenue at least 10 percent in 2011 and improving its profitability, assuming constant exchange rates, Chief Executive Officer Joe Jimenez told Aargauer Zeitung.

The company is interested in further acquisitions, Jimenez said in an interview published today by the Aarau, Switzerland-based newspaper. Novartis’s priority is to reduce its debt after buying a stake in Alcon Inc., Jimenez was quoted as saying. The drugmaker should be able to do that “quickly” via its strong cash flow, the CEO added, according to Aargauer Zeitung.

To contact the reporter on this story: Klaus Wille in Zurich at kwille@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.