Boehringer Ingelheim boosts 2020 net sales by 3% to €19.57 billion Boehringer Ingelheim boosts net sales in the Covid-19 year. The German drugmaker posted net sales of $23 billion (€19.57 billion), an increase of 3% year-on-year, the group explained in a statement.
The group’s operating income rose to $5.44 billion (€4.62 billion) in 2020 from $4.45 billion (€3.78 billion) in 2019, while one-off gains from divestments supported operating income. Income after taxes saw a year-on-year increase of 12.5% to $3.6 billion (€3.06 billion). Cash flow from operating activities increased by $729 million (€619 million) to $4.67 billion (€3.96 billion). At the end of 2020, the equity ratio stood at 47%, the multinational explains.
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Boehringer Ingelheim invested $4.4 billion (€3.7 billion) in R&D in 2020
Boehringer Ingelheim increased its investments in research and development (R&D) significantly in 2020 in search of innovative drugs and treatments for diseases for which no satisfactory treatments are available.
In particular, research efforts into potential treatments related to Covid-19 were accelerated. The company invested $4.4 billion (€3.7 billion) in R&D in 2020, up 7% year-on-year, representing the largest annual R&D investment in the pharma’s 136-year history.
In December 2020, the company announced together with the University Hospital Cologne (UKK), the University of Marburg (UMR) and the German Center for Infection Research (Dzif) the start of Phase I/IIa clinical research of BI 767551. It is the first Sars-Cov-2 neutralizing antibody administered by inhalation as a potential new therapeutic and prophylactic option to block the virus at the site of infection.
The pharmaceutical company invested $1.24 billion (€1.05 billion) in tangible fixed assets in 2020
The company invested $1.24 billion (€1.05 billion) in tangible fixed assets in 2020, including large-scale production facilities for biopharmaceuticals in Vienna, Austria, and the new biopharmaceutical drug development center in Biberach, Germany. Spending on tangible fixed assets decreased slightly compared with the all-time high in 2019 due to the partial delay in construction work caused by the pandemic.
In Spain, Boehringer Ingelheim began its trajectory in 1952. Its corporate headquarters are currently located in Sant Cugat del Vallès (Barcelona), where it also has two pharmaceutical production plants. The company has more than 1,600 employees in Spain.
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First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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