Here’s how Pfizer will produce more profits thanks to the anti Covid vaccines

2 February 20213 years ago babelfish

All Pfizer revenue and earnings estimates

15 billion dollars. This is what the anti-Covid-19 vaccine will bring to Pfizer. This is a conservative estimate and made assuming a 50/50 profit sharing with BioNtech.

Revenues for the whole of 2021, according to Big Pharma estimates , should grow by 44%.

All the details.

REVENUES FROM ANTI COVID VACCINE

Let's start with the earnings estimates of the anti-Covid vaccine developed with the German Biontech. The US pharmaceutical company expects additional revenues for the current year, thanks to BNT162b2, amounting to 15 billion dollars (12.4 billion euros).

ESTIMATE ONLY ON CONTRACTS

This is a conservative estimate, which takes into account only the contracts signed up to now, with a hypothesis of sale of about 2 billion doses.

"The BNT162b2 revenue projection incorporated into Pfizer's financial guide for 2021 mainly includes the doses that are expected to be delivered in 2021 under existing contracts and could be adjusted in the future, as soon as further contracts are entered into," explains the American company . which has already taken into account, in the estimates, a hypothesis of earnings equal to 50/50 with BioNtech.

EXPECTATIONS FOR 2021

Total revenues, on the other hand, are expected to grow by 44% compared to those of 2020, between 59.4 billion dollars and 62.4 billion dollars.

THE NUMBERS OF 2020

In 2020, revenues were $ 41.9 billion, with an operating growth of 3% (excluding the Upjohn unit).

THE FOURTH QUARTER

Pfizer posted revenues of $ 11.68 billion in the fourth quarter of 2020 compared to $ 10.45 billion in the same period of 2019, closing with a net profit of $ 594 million. Adjusted earnings per share were 42 cents, below analysts' estimates of 50 cents per share.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/ecco-come-grazie-ai-vaccini-anti-covid-pfizer-produrra-piu-utili/ on Tue, 02 Feb 2021 15:38:59 +0000.