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Novartis sees 2024 core operating income to grow high single digit percentage

Novartis issued the following dividend and 2024 guidance and updated mid-term guidance. Says dividend of CHF 3.30 per share, an increase of 3.1%, proposed for 2023. 2024 net sales expected to grow mid single digit and core operating income expected to grow high single digit. Updated mid-term guidance sees net sales expected to grow 5% cc CAGR 2023-2028 with core operating income margin expanding to about 40%-plus by 2027.

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