Novo Nordisk increased its operating profit by nearly a third last year.

Sales of Victoza, NovoRapid and Levemir resulted in an operating profit increase of 27% and a net profit rise of 34%.

Lars Rebien Sørensen, President and CEO, described 2010 as a “very good year” for the Danish company.

Novo Nordisk also reached its four long-term financial targets in 2010 as announced in their annual report for 2008.

Sales of modern insulins increased by 24%, as did sales in international operations. For 2011, Novo Nordisk now calculates sales growth measured in local currencies to be between 8% and 10%, and operating profit growth measured in local currencies is expected to be around 15%.

“We expect continued sales growth from these products and are encouraged by the results from the phase 3 programme with our new generation insulins,” said Mr Sørensen.

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