Organon Q1 2022 Earnings Report
Key Takeaways
Organon reported a solid start to the year with a 4% increase in total net revenue, reaching $1,567 million. The company saw growth in Biosimilars and Established Brands, while Women's Health experienced a slight decline. Adjusted EBITDA margin improved to 41.3%.
Total net revenue increased by 4% as-reported and 8% ex-FX compared to Q1 2021.
Women's Health declined 5% as-reported and 3% ex-FX, impacted by Nuvaring and Nexplanon.
Biosimilars revenue grew 22% as-reported and 25% ex-FX, driven by Renflexis and Ontruzant.
Established Brands revenue increased 10% as-reported and 15% ex-FX, benefiting from demand fluctuations and volume growth.
Organon
Organon
Organon Revenue by Segment
Forward Guidance
Organon affirmed the full year 2022 financial guidance previously provided on February 17, 2022, which is presented on a non-GAAP basis.
Revenue & Expenses
Visualization of income flow from segment revenue to net income