On October 26, 2016 GSK reported further sales growth, improved cash flow and sustained pipeline progression in Q3 (Press release, GlaxoSmithKline, OCT 26, 2016, View Source [SID1234516014]).

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Summary

For GlaxoSmithKline’s full Q3 results announcement, visit: View Source to view full Q3 results announcement (PDF)

Group sales £7.5 billion, +8% CER, with continued growth across all three businesses

New product sales £1.21 billion +79% (Q1 2016: £821 million; Q2 2016: £1.05 billion) driven by HIV (Tivicay, Triumeq), Respiratory (Relvar/Breo, Anoro, Incruse, Nucala) and Meningitis vaccines (Bexsero, Menveo)

Improved operating leverage driven by sales growth, delivery of restructuring and integration benefits and continued tight control of costs including targeted reinvestments

Q3 total earnings per share 16.6p, -1% CER, impacted by charges resulting from increases in valuations of Consumer Healthcare and HIV businesses

Q3 core earnings per share 32p, +12% CER

Continue to expect 2016 core EPS percentage growth to be 11-12% CER

Q3 net cash inflow from operations of £1.8 billion (Q3 2015: £0.5 billion)

19p dividend declared for Q3. Continue to expect 80p for FY 2016 and 2017

Sustained delivery in R&D pipeline