Better than expected

Article Abstract:

Swiss companies chalked up better-than-expected results in 1996. Despite a sluggish economy characterized by restrained investment, weak demand, unfavorable exchange rates and record unemployment, most Swiss companies in the Top 200 list registered profits. However, these profits were mainly the result of cost-cutting measures and not the result of any improvement in the economic climate. The Switzerland's top 200 list, which ranks companies according to sales, identifies Nestle, Metro, ABB, Glencore and Novartis to be the country's top firms, with 7th-placed Roche being the most profitable.

Corporate Profits, Evaluation, Switzerland, Profits, Statistics, Business enterprises, Business rankings, Rankings

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Jerry Karabelas: keeping Novartis healthy

Article Abstract:

CEO Jerry Karabelas of Novartis has set ambitious goals for the pharmaceutical firm of top-tier organic growth on an annual basis. Karabelas disclosed that healthcare sales were up 10.3% from 1997 figures and he figured that annual growth of 14-16% would enable the firm to achieve top-tier growth. In addition, Novartis is targeting leadership in growth rates in terms of turnover and earnings, according to Karabelas. He also said that constant diversity was needed to stay competitive and, thus, new global ideas should be brought into the firm.

Pharmaceutical Preparation Manufacturing, Pharmaceutical Preparations, Management, Pharmaceutical industry, Drugs, Novartis AG, Karabelas, A.N.

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