-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S80/cwfHUrH/kwm02jnJGX0/XTVJefqfbQpGVTzIKCW6rEZ7TJa9/pKy+nAvIdCF 4vVqMNeAJIDXnx09wlvVqA== 0001104659-02-005096.txt : 20021030 0001104659-02-005096.hdr.sgml : 20021030 20021030085919 ACCESSION NUMBER: 0001104659-02-005096 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021030 FILED AS OF DATE: 20021030 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AVENTIS CENTRAL INDEX KEY: 0000807198 STANDARD INDUSTRIAL CLASSIFICATION: CHEMICALS & ALLIED PRODUCTS [2800] IRS NUMBER: 000000000 STATE OF INCORPORATION: I0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10378 FILM NUMBER: 02802055 BUSINESS ADDRESS: STREET 1: 67917 STRASBOURG STREET 2: CEDEX 9 CITY: STRASBOURG FRANCE STATE: I0 ZIP: 00000 BUSINESS PHONE: 3314768123 MAIL ADDRESS: STREET 1: 67917 STRASBOURG STREET 2: CEDEX 9 CITY: STRASBOURG FRANCE STATE: I0 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: RHONE POULENC S A DATE OF NAME CHANGE: 19930512 6-K 1 j5716_6k.htm 6-K

 

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 6-K
Report of Foreign Private Issuer

 

Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

 

October 30, 2002

 

AVENTIS
(Translation of registrant’s name into English)

 

 

67917 Strasbourg, cedex 9
France

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F  ý                        Form 40-F o

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  o   No  ý

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):  Not applicable

 

Enclosures :

 

A press release dated October 29, 2002 announcing the Aventis third quarter results for 2002

 

1



 

 

 


 

 


Press Release

Your Contact:

Carsten Tilger
Head of Aventis Media Relations
Tel.: + 33 (0) 388 99 1114
Carsten.Tilger@aventis.com

 

Stephan Albrechstskirchinger
Aventis Media Relations
Tel.: +33 (0)3 8899 1138
Stephan.Albrechtskirchinger@aventis.com

AVENTIS REPORTS THIRD-QUARTER AND NINE-MONTH RESULTS FOR 2002

 

                                            Aventis confirms full-year outlook for 2002 based on strong nine-month performance:
Core business sales activity rises 11.5% during first nine months
Net income for core business increases by 30% (EPS rises 29%)

 

                                          Core business maintains growth during third quarter
despite a more challenging market environment:
Sales activity increases 10.8% to €4.234 billion
Net income rises 21% to €560 million
EPS up 21% to €0.71 (€0.87 before goodwill amortization)

 

                                          Growth in third quarter driven by established strategic brands
and recently launched products in key countries:
U.S. sales activity increases 21%
Strategic brands sales activity rises 29%
Vaccines sales activity up 21.5%
Lantus and Ketek continue successful roll-out in key markets

 

Strasbourg, France, October 29, 2002 Aventis today reported consolidated nine-month group net sales of €15.781 billion compared with €17.002 billion in the year-ago period. This decline was mainly due to the divestment of industrial activities in 2001 and of CropScience in the first half of 2002. Group net income rose to € 2.061 billion during the first nine months of 2002 compared to € 1.121 billion in same period of 2001. Consolidated earnings per share (EPS) for the Aventis group increased to €2.60 during the first nine months of 2002 compared to €1.43 in the year-ago period. These consolidated results include contributions from non-core activities.

 

2



 

 

Core business maintains strong growth in third quarter
Despite a more challenging market environment:
Sales activity rises 10.8%, net income up 21%

 

During the third quarter of 2002, net sales of the core business, which comprises prescription drugs and human vaccines as well as the 50% equity interest in the animal health joint venture Merial and corporate activities, rose 10.8% to €4.234 billion on an activity basis (excluding currency and structural effects). Core business EBITA increased by 15% to €1.182 billion, while the EBITA margin rose 3 percentage points to 27.9%. Net income for the core business grew 21% in the third quarter to €560 million from €461 million, while EPS grew 21% to €0.71 from €0.59.

 

During the first nine months of 2002, core business sales increased 11.5% to €13.033 billion on an activity basis. Core business EBITA rose 20% to €3.292 billion compared to €2.745 billion in the year-ago period, while the EBITA margin rose 2.7 percentage points to 25.3 %. Net income for the nine- month period rose 30% to €1.498 billion compared to €1.154 billion. EPS increased 29% to €1.89 from €1.47.

 

The gross margin of the core business during the first nine months increased 1 percentage point to 74.2%.

 

Aventis is on track to achieve its full-year objectives


“The strong performance during the first nine-months confirms that Aventis is on track to achieve its full-year targets for 2002.  Sales of our strategic brands rose 30% and represented 54% of our prescription drugs business while our vaccines business grew 12%.  At the same time, we continued to perform strongly in key geographic markets, led by the United States, where sales increased 22% on an activity basis. As our existing growth drivers have significant potential for incremental growth, Aventis should remain one of the fastest-growing global pharmaceutical companies,”
said Igor Landau, Chairman of the Management Board.

 

3



 

 

U.S. sales activity rises 21% in third quarter

and represents 41% of total core business sales

 

Core business sales in the United States rose 20.9% on an activity basis to €1.724 billion during the third quarter of 2002, while nine-month sales increased 21.8% to €5.047 billion. The United States accounted for 41% of total core business sales during the third quarter of 2002 compared to 38% in the year-ago period.

 

Despite cost containment measures and drug price reductions imposed by health authorities in the course of the year in major European markets, Aventis was able to expand sales due to the continued growth of its key strategic brands.  Sales activity during the third quarter grew in France by 2.4% to €551 million and in Germany by 6.7% to €265 million. In Italy, third-quarter sales activity rose 11.7% to €131 million and the United Kingdom sales activity increased by 11% to €96 million. In Japan, core business sales activity increased 1.5% to  €212 million.

 

 

Sales of strategic brands rise 29% in third quarter

and represent 56% of total prescription drugs sales

 

The prescription drugs business generated third-quarter sales of €3.753 billion, an activity increase of 9.5%. Sales of strategic brands, a group of key prescription drugs, rose 29.1% on an activity basis to €2.084 billion in the third quarter of 2002 and accounted for 56% of total prescription drug sales, up from 47% in the same period of 2001.

 

Sales growth during the third quarter was driven by well-established strategic brands and recently launched products:

 

                  Allegra/Telfast (fexofenadine), for the treatment of allergies, delivered strong growth with sales increasing by 32.7% on an activity basis to €485 million in the third quarter. In the U.S., Allegra achieved a leadership position in the market for non-sedating antihistamines in September by capturing a 30.4% share of new prescriptions. U.S. sales activity during the third quarter rose 31.5% to €428 million. In Japan, Allegra generated sales of €118 million during the first nine months, up 32.3% compared to the year-ago period.

 

4



 

 

                    Lovenox/Clexane (enoxaparin sodium) for the prophylaxis and treatment of arterial and venous thrombosis, including deep vein thrombosis (DVT), unstable angina (UA), and non-Q-wave myocardial infarction (NQMI), generated third-quarter sales of €356 million, an activity increase of 10.1%. On an activity basis, sales grew 19.6% outside the U.S. to € 130 million and rose 5.6% in the U.S. to €227 million. This current growth rate in the U.S. reflects the effect of a change in the timing of purchasing patterns by some major customers, which led to a swing in inventory levels compared to the year-ago period. Based on IMS data, the market demand for Lovenox in the U.S. corresponded to an increase of 19.5% for the third quarter and 17.5% for the first nine-months compared to the same periods in 2001.

 

The changes in the U.S. label of Lovenox, regarding the use in patients with prosthetic heart valves, had also an effect on the sales evolution. Aventis submitted recently a supplement to the FDA with proposed revisions to the label.

 

                    Taxotere (docetaxel), for the treatment of locally advanced or metastatic breast cancer and non-small-cell lung cancer (NSCLC), achieved sales of €321 million in the third-quarter, an increase of 33.8% from the year-ago period.

 

                    Delix/Tritace (ramipril), an ACE inhibitor approved for the treatment of hypertension, heart failure and for preventing stroke, heart attack and cardiovascular death in patients at risk for cardiovascular events, generated third-quarter sales of €224 million, an activity increase of 34.1% compared to the year-ago period.

 

 

Recently launched products continue successful roll-out in key markets

 

The successful roll-out of innovative products in key markets such as the new anti-diabetic agent Lantus in the UK, the novel antibiotic Ketek for respiratory tract infections in France, and the once-a-week dosage form of Actonel for the treatment of osteoporosis the U.S. and in its first European market also contributed to the good performance:

 

5



 

 

                    Lantus (insulin glargine), for the treatment of type 1 and type 2 diabetes, achieved sales of  €82 million during the third quarter. An important benefit of Lantus is good metabolic control with less nocturnal hypoglycemia compared to NPH insulin. Lantus has the potential to fundamentally transform the treatment of diabetes and improve the lives of patients through an aggressive treat-to-target approach for HbA1c levels, convenient dosing and earlier insulinization. At the end of August Lantus was launched in the United Kingdom, making the drug available to the estimated 2.5 million people with diabetes. This launch is the latest step in the global roll-out of Lantus that will continue through 2003 and 2004.

 

                  Ketek (telithromycin) is the first ketolide antibiotic for the treatment of upper and lower respiratory tract infections, including those caused by bacteria resistant to some commonly used antibiotics. Ketek has been approved in all major EU and Latin American markets and is in the process of being launched in these markets. In September, Ketek was launched in France and has captured more than 4% of the oral antibiotic market in its first month on that market.

 

                  Actonel (risedronate sodium), for the treatment and prevention of osteoporosis, is being co-developed and co-marketed by Aventis and Procter & Gamble through the Alliance for Better Bone Health. During the third quarter of 2002, Actonel generated combined sales for Aventis and Procter & Gamble of €134 million compared to €81 million in the year ago-period. Since the launch of the 35-mg once-a-week dosage form of Actonel in the U.S. in June of this year, Actonel´s share of new prescriptions has increased by more than 50%. In the third quarter, Actonel represented 16% of the total oral bisphosphonate market in the U.S. The once-a-week dosage form was also recently launched in Sweden, the reference member state for the Mutual Recognition Procedure in Europe. Further approvals of this new dosage form in major European markets are expected as of early 2003.

 

6



 

 

Vaccines sales activity up 21.5%

 

The vaccines business had a strong third quarter with sales totaling €487 million, this is an activity increase of 21.5% compared to the year-ago period. Pediatric combination vaccines achieved sales of €137 million, representing an increase of 35.9% on an activity basis, and influenza vaccines sales activity grew by 18.1% to €219 million (product sales include non-consolidated sales in Europe by Aventis Pasteur MSD, a joint venture with Merck & Co.).

 

More key developments during the third quarter of 2002

 

                  In 2001, Aventis received an approvable letter from the FDA for Ketek for treatment of community-acquired pneumonia, acute sinusitis and acute exacerbation of chronic bronchitis requesting additional safety data. In August 2002, Aventis filed with the FDA a complete response to this approvable letter for Ketek, including data from a 24,000 patient study. The results of this study, which were presented at the Interscience Conference on Antimicrobial Agents and Chemotherapy (ICAAC) in September, supported the safety and effectiveness of this drug. Regulatory approval in the U.S. is expected early 2003.

 

                  In September, the European Committee for Proprietary Medicinal Products (CPMP) issued a positive recommendation for Taxotere for the first-line treatment of non-small-cell lung cancer (NSCLC). The approval of Taxotere for this significant indication by the European Agency for the Evaluation of Medicinal Products (EMEA) is anticipated by the end of the year.  This approval would provide Taxotere access to the estimated €1.5 billion first-line treatment market for NSCLC.

 

                  In September, new data on Lovenox/Clexane was presented at the European Society of Cardiology (ESC) annual meeting in Berlin, showing the safety and efficacy of this drug in cardioversion procedures for restoring normal heart rhythm, and in early intervention procedures for unstable heart disease patients.

 

7



 

                  The results of recently completed studies on Lantus were presented at the European Association for the Study of Diabetes meeting in September and reinforced the wealth of data showing Lantus to be safe and effective in treating type 1 and type 2 diabetes, with fewer incidence of hypoglycemic events.

 

                  A major study on Actonel, which was presented in September at the annual meeting of the American Society of Bone and Mineral Research (ASBMR), showed that post-menopausal women with osteoporosis treated with 5 mg daily risedronate experienced a 70% reduction in the risk of moderate and severe vertebral fracture within one year of treatment.

 

                  Aventis and Viatris have completed a proof of concept (phase IIa) clinical trial for dexlipotam, a compound that has been studied for the treatment of diabetes as well as for the treatment and prevention of late-stage diabetic complications. Aventis had licensed dexlipotam from Viatris (formerly Asta Medica) in April 2001. As anti-diabetic effects could not be proven, the development agreement has been terminated and Aventis has returned all rights to Viatris.

 

Merial

In the first nine months of 2002, sales by the animal health business Merial — a 50-50 joint venture with Merck & Co. accounted for using the equity method — rose 6% on an activity basis to €1.435 billion. Sales by Merial are not consolidated in the Aventis core business sales.

 

Non-core activities

 

In total, sales from non-core activities declined to €2.780 billion during the first nine months of 2002 compared to €4.899 billion in the year-ago period due to the divestment of industrial activities in the course of 2001 and the sale of Aventis CropScience in the first half of 2002.

 

8



 

Aventis is dedicated to improving life by treating and preventing human disease through the discovery and development of innovative prescription drugs for important therapeutic areas as well as human vaccines. In 2001, Aventis generated sales of € 17.7 billion, invested € 3 billion in research and development and employed approximately 75,000 people in its core business. Aventis corporate headquarters are in Strasbourg, France. For more information, please visit: www.aventis.com

 

Statements in this news release other than factual or historical information, including but not limited to statements of or relating to Aventis’ financial projections, plans and objectives for future operations, predictions of future product sales or economic performance, and assumptions underlying or relating to any such statements, are forward-looking statements subject to risks and uncertainties.  Actual results could differ materially depending on factors such as the availability of resources, the timing and effects of regulatory actions, the success of new products, the strength of competition, the success of research and development efforts, the outcome of significant litigation, the effectiveness of patent protection, the effects of currency exchange fluctuations, and other factors.  Estimates of future product sales can be particularly subject to uncertainty due to the multitude of factors that could cause actual results to differ materially.  Such factors include, but are not limited to, adverse outcomes in patent infringement litigation; entry into the market of new products, or of generic or over-the-counter versions of Aventis’ products or of competing products; undesirable or untimely regulatory or legislative actions, such as forced conversion of prescription drugs to over-the-counter status; inability to obtain regulatory approval to market drugs for certain indications; and limitations on revenues imposed by volume purchasers, government entities, and by operation of law.  Aventis disclaims any obligation to revise or update any such forward-looking statement.  Additional information regarding risks and uncertainties is set forth in the current Annual Report on Form 20-F of Aventis on file with the Securities and Exchange Commission.

 

Brand names appearing in italics throughout this document are trademarks of Aventis, and/or its affiliates, with the exception of trademarks that may be used under license by Aventis and/or its affiliaties, such as Actonel, a trademark of Procter & Gamble Pharmaceuticals.

 

9



 

Aventis (1)

All Consolidated Businesses

Consolidated Income Statement 2002

 

YTD

 

YTD

 

in million €

 

Q3 / 2002

 

Q3 / 2001

 

2002

 

2001

 

 

 

 

 

 

 

15,781

 

17,002

 

Net sales

 

4,477

 

5,356

 

(4,868

)

(5,932

)

Cost of goods sold

 

(1,270

)

(1,801

)

69.2

%

65.1

%

Gross margin (as % of sales)

 

71.6

%

66.4

%

 

 

 

 

 

 

 

 

 

 

(5,398

)

(5,390

)

SG&A and other operating Inc. / Exp.

 

(1,308

)

(1,656

)

(2,533

)

(2,550

)

Research & Development

 

(761

)

(880

)

(34

)

(21

)

Restructuring

 

(5

)

(7

)

(799

)

(486

)

Goodwill amortization

 

(134

)

(162

)

 

 

 

 

 

 

 

 

 

 

2,150

 

2,623

 

Operating profit

 

999

 

851

 

 

 

 

 

 

 

 

 

 

 

237

 

121

 

Equity in earnings of affiliated companies

 

96

 

35

 

(261

)

(554

)

Interest expenses

 

(46

)

(170

)

1,349

 

(27

)

Miscellaneous non oper. inc. /  and exp.

 

(95

)

(40

)

3,475

 

2,162

 

Income before tax

 

954

 

676

 

 

 

 

 

 

 

 

 

 

 

(1,279

)

(833

)

Tax

 

(351

)

(260

)

 

 

 

 

 

 

 

 

 

 

(70

)

(130

)

Minority interests

 

(9

)

(6

)

(65

)

(79

)

Preferred remuneration

 

(21

)

(18

)

 

 

 

 

 

 

 

 

 

 

2,061

 

1,121

 

Net Income

 

573

 

391

 

 

 

 

 

 

 

 

 

 

 

793252821

 

786235375

 

Average number of outstanding shares

 

792791999

 

786431530

 

 

 

 

 

 

 

 

 

 

 

2.60

 

1.43

 

EPS in € per share

 

0.72

 

0.50

 

 

 

 

 

 

 

 

 

 

 

3.61

 

2.04

 

EPS before goodwill amortization in € per share

 

0.89

 

0.70

 

 


(1) unaudited

 Percentages are calculated before rounding the data in million euros

 

10



 

 

Strategic Activities

 

 

The core business is comprised of activities that the Group considers as strategic and intends to retain. It includes primarily Prescription Drugs, Aventis Pasteur, Merial (accounted for under the equity method) and the Corporate activities (comprised mainly of parent companies, financing and insurance entities).

 

The non-core activities include businesses that the group has divested in the period or intends to divest in the foreseeable future. Aventis CropScience and Aventis Animal Nutrition have been divested respectively in June and April 2002. The non-core activities being left are comprised mainly of Rhodia, Wacker (accounted for under the equity method) and Aventis Behring.

 

The profit and loss accounts for the non-core activities include the results of these activities until the date when they are disposed of, the gain or loss on disposal as well as other charges related to divested activities but incurred after the date of disposal.

 

These statements represent management’s expectations, targets and intentions and involve risks and uncertainties.

 

 

11



 

Aventis Core Businesses

Selected Financial Data Related to Consolidated Income Statement 2002(1)

 

 

 

 

YTD

 

YTD

 

Total

 

in million €

 

Q3 / 2002

 

Q3 / 2001

 

Total

 

2002

 

2001

 

Variance

 

 

 

 

 

 

 

Variance

 

 

 

 

 

%

 

 

 

 

 

 

 

%

 

13,033

 

12,151

 

7.3

%

Net sales

 

4,234

 

4,134

 

2.4

%

 

 

 

 

11.5

%

Activity variance in percentage of Net Sales (2)

 

 

 

 

 

10.8

%

(3,369

)

(3,254

)

 

 

Cost of goods sold

 

(1,120

)

(1,127

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

74.2

%

73.2

%

 

 

Gross margin (as % of sales)

 

73.6

%

72.7

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4,251

)

(4,242

)

0

%

SG&A and other operating Inc. / Exp.

 

(1,254

)

(1,334

)

-6

%

(2,274

)

(2,086

)

9

%

Research & Development

 

(736

)

(725

)

1

%

(17

)

(3

)

 

 

Restructuring

 

(4

)

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,122

 

2,566

 

22

%

Operating profit before goodwill amortization

 

1,120

 

948

 

18

%

170

 

179

 

-5

%

Equity in earnings of affiliated companies

 

63

 

82

 

-24

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,292

 

2,745

 

20

%

EBITA (3)

 

1,182

 

1,031

 

15

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(412

)

(421

)

 

 

Goodwill amortization

 

(133

)

(141

)

 

 

(129

)

(177

)

 

 

Interest expenses

 

(40

)

(59

)

 

 

(233

)

(84

)

 

 

Miscellaneous non oper. inc. /  and exp.

 

(76

)

(35

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,518

 

2,062

 

22

%

Income before tax

 

934

 

796

 

17

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(927

)

(794

)

 

 

Tax

 

(343

)

(306

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(28

)

(36

)

 

 

Minority interests

 

(9

)

(10

)

 

 

(65

)

(79

)

 

 

Preferred remuneration

 

(21

)

(18

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,498

 

1,154

 

30

%

Net Income

 

560

 

461

 

21

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

793252821

 

786235375

 

 

 

Average number of outstanding shares

 

792791999

 

786431530

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.89

 

1.47

 

29

%

EPS in € per share

 

0.71

 

0.59

 

21

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.41

 

2.00

 

20

%

EPS before goodwill amortization in € per share

 

0.87

 

0.77

 

14

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3854

 

3333

 

16

%

EBITDA

 

1371

 

1224

 

12

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


(1) unaudited

(2) on a comparable basis

(3) = Operating profit before goodwill amortization + equity in earnings of affiliated companies

 Percentages are calculated before rounding the data in million euros

 

12



 

 

Consolidated Sales (1)

Aventis Core Businesses

 

 

 

 

in million €

 

YTD

 

YTD

 

Total

 

Activity

 

Conversion

 

Structure

 

 

 

2002

 

2001

 

Variance

 

Variance (2)

 

Variance (2)

 

Variance

 

Prescription drugs

 

11,916

 

11,129

 

7.1

%

11.4

%

-4.3

%

 

 

Vaccines

 

1,130

 

1,041

 

8.6

%

12.3

%

-3.7

%

 

 

Other & Eliminations

 

(14

)

(19

)

NA

 

NA

 

NA

 

 

 

Total Core Businesses

 

13,033

 

12,151

 

7.3

%

11.5

%

-4.3

%

 

 

 

 

 

 

in million €

 

Q3 / 2002

 

Q3 / 2001

 

Total

 

Activity

 

Conversion

 

Structure

 

 

 

 

 

 

 

Variance

 

Variance (2)

 

Variance (2)

 

Variance

 

Prescription drugs

 

3,753

 

3,716

 

1.0

%

9.5

%

-8.5

%

 

 

Vaccines

 

487

 

425

 

14.5

%

21.5

%

-7.1

%

 

 

Other & Eliminations

 

(7

)

(7

)

NA

 

NA

 

NA

 

 

 

Total Core Businesses

 

4,234

 

4,134

 

2.4

%

10.8

%

-8.4

%

 

 

 


(1) unaudited

(2) on a comparable basis

 Percentages are calculated before rounding the data in million euros

 

13



 

 

Aventis Core Businesses - Sales by Country (1)

 

 

 

 

in million €

 

YTD

 

YTD

 

Activity

 

Structure

 

 

 

2002

 

2001

 

variance (2)

 

variance

 

United States

 

5,047

 

4,291

 

21.8

%

 

 

France

 

1,723

 

1,657

 

6.2

%

-2.1

%

Germany

 

807

 

794

 

1.9

%

-0.3

%

Japan

 

670

 

718

 

1.6

%

-1.4

%

Italy

 

470

 

440

 

6.8

%

 

 

United Kingdom

 

309

 

274

 

13.5

%

 

 

Mexico

 

294

 

297

 

3.4

%

 

 

Canada

 

285

 

274

 

10.1

%

 

 

Spain

 

246

 

229

 

7.8

%

-0.4

%

Brazil

 

236

 

269

 

3.2

%

 

 

 

 

 

 

 

 

 

 

 

 

Subtotal

 

10,086

 

9,242

 

13.0

%

-0.5

%

in % of total

 

77.4

%

76.1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other countries

 

2,947

 

2,908

 

7.0

%

1.6

%

 

 

 

 

 

 

 

 

 

 

Total Net Sales

 

13,033

 

12,151

 

11.5

%

 

 

 

 

 

 

 

in million €

 

Q3 / 2002

 

Q3 / 2001

 

Activity

 

Structure

 

 

 

 

 

 

 

variance (2)

 

variance

 

 

 

 

 

 

 

 

 

 

 

United States

 

1,724

 

1,576

 

20.9

%

 

 

France

 

551

 

551

 

2.4

%

-2.2

%

Germany

 

265

 

251

 

6.7

%

-0.9

%

Japan

 

212

 

232

 

1.5

%

-2.8

%

Italy

 

131

 

118

 

11.7

%

 

 

United Kingdom

 

96

 

89

 

11.0

%

 

 

Canada

 

93

 

98

 

6.5

%

 

 

Mexico

 

91

 

100

 

7.5

%

 

 

Spain

 

79

 

72

 

10.4

%

-0.7

%

Brazil

 

49

 

74

 

-4.7

%

 

 

 

 

 

 

 

 

 

 

 

 

Subtotal

 

3,291

 

3,161

 

12.8

%

-0.7

%

in % of total

 

77.7

%

76.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other countries

 

942

 

972

 

4.3

%

2.2

%

 

 

 

 

 

 

 

 

 

 

Total Net Sales

 

4,234

 

4,134

 

10.8

%

 

 

 


(1) unaudited

(2) On a comparable basis

 Percentages are calculated before rounding the data in million euros

 

14



 

 

Aventis Core Businesses Strategic Products : Change in Sales 2002 (1)

 

 

 

 

YTD

 

YTD

 

Activity

 

 

 

 

 

 

 

Activity

 

2002

 

2001

 

variance (2)

 

in million €

 

Q3 / 2002

 

Q3 / 2001

 

variance (2)

 

2556

 

2441

 

8.7

%

Thrombosis/Cardiology

 

810

 

825

 

6.0

%

1165

 

1064

 

13.7

%

Lovenox  / Clexane

 

356

 

357

 

10.1

%

669

 

516

 

33.2

%

Delix  / Tritace

 

224

 

175

 

34.1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1279

 

1087

 

22.1

%

Oncology

 

444

 

379

 

25.5

%

917

 

725

 

31.5

%

Taxotere

 

321

 

260

 

33.8

%

180

 

151

 

21.7

%

Campto

 

63

 

50

 

30.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2106

 

1843

 

18.9

%

Respiratory & Allergy

 

651

 

582

 

23.7

%

1535

 

1250

 

27.9

%

Allegra  / Telfast

 

485

 

406

 

32.7

%

236

 

187

 

31.6

%

Nasacort

 

71

 

62

 

27.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

587

 

483

 

27.7

%

Arthritis / Osteoporosis

 

188

 

160

 

29.0

%

203

 

181

 

16.7

%

Arava

 

67

 

68

 

8.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1141

 

1057

 

12.8

%

Central Nervous System

 

365

 

355

 

12.0

%

401

 

272

 

52.0

%

Copaxone (3)

 

142

 

102

 

51.3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1165

 

1136

 

6.9

%

Anti-Infectives

 

327

 

358

 

-2.8

%

161

 

148

 

14.8

%

Targocid

 

45

 

47

 

4.1

%

207

 

139

 

54.5

%

Tavanic

 

39

 

40

 

3.6

%

26

 

1

 

NA

 

Ketek

 

11

 

1

 

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1451

 

1283

 

18.0

%

Metabolism/ Diabetes

 

470

 

457

 

11.9

%

414

 

344

 

26.6

%

Amaryl

 

135

 

121

 

21.1

%

125

 

127

 

0.7

%

Insuman

 

43

 

42

 

5.9

%

205

 

51

 

NA

 

Lantus

 

82

 

27

 

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Vaccines

 

 

 

 

 

 

 

384

 

324

 

21.1

%

Pediatric combination vaccines (4)

 

137

 

107

 

35.9

%

238

 

220

 

11.6

%

Polio vaccine (4)

 

73

 

75

 

7.0

%

269

 

264

 

5.4

%

Influenza vaccines (4)

 

219

 

194

 

18.1

%

173

 

199

 

-11.3

%

Traveler’s endemic range excluding meningitis (4)

 

58

 

65

 

-5.8

%

77

 

84

 

-5.8

%

Meningitis vaccines (4)

 

37

 

30

 

28.3

%

130

 

88

 

50.5

%

Adult Boosters (4)

 

54

 

26

 

118.4

%

 


(1) unaudited

(2) On a comparable basis

(3) Alliance with Teva Pharmaceuticals Industries Inc

(4) Including the sales recorded in Europe by AP-MSD

Rilutek and Synercid are no longer reported as strategic products

 

15



 

 

Prescription Drugs Strategic Products : Change in Sales 2002  ( U.S. / Non U.S. ) (1)

 

 

 

 

YTD

 

YTD

 

Activity

 

U.S.

 

Q3 / 2002

 

Q3 / 2001

 

Activity

 

2002

 

2001

 

variance (2)

 

in million €

 

 

 

 

 

variance (2)

 

765

 

714

 

10.9

%

Lovenox  / Clexane

 

227

 

241

 

5.6

%

 

 

 

 

 

 

Delix  / Tritace

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

507

 

386

 

36.0

%

Taxotere

 

176

 

143

 

35.7

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1302

 

1042

 

29.5

%

Allegra  / Telfast

 

428

 

361

 

31.5

%

189

 

139

 

40.8

%

Nasacort

 

59

 

49

 

34.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

141

 

131

 

11.9

%

Arava

 

46

 

50

 

2.6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

318

 

238

 

38.4

%

Copaxone (3)

 

111

 

90

 

36.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

139

 

118

 

21.5

%

Amaryl

 

46

 

42

 

21.5

%

164

 

26

 

NA

 

Lantus

 

66

 

18

 

NA

 

 

 

 

YTD

 

YTD

 

Activity

 

Non U.S.

 

Q3 / 2002

 

Q3 / 2001

 

Activity

 

2002

 

2001

 

variance (2)

 

in million €

 

 

 

 

 

variance (2)

 

400

 

350

 

19.4

%

Lovenox  / Clexane

 

130

 

117

 

19.6

%

669

 

516

 

33.2

%

Delix  / Tritace

 

224

 

175

 

34.1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

410

 

339

 

26.4

%

Taxotere

 

145

 

117

 

31.4

%

180

 

151

 

21.7

%

Campto

 

63

 

50

 

30.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

233

 

208

 

19.9

%

Allegra  / Telfast

 

57

 

44

 

42.6

%

47

 

48

 

5.0

%

Nasacort

 

12

 

13

 

4.8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

62

 

50

 

29.2

%

Arava

 

20

 

18

 

25.6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

83

 

34

 

147.7

%

Copaxone (3)

 

32

 

12

 

163.6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

161

 

148

 

14.8

%

Targocid

 

45

 

47

 

4.1

%

207

 

139

 

54.5

%

Tavanic

 

39

 

40

 

3.6

%

26

 

1

 

NA

 

Ketek

 

11

 

1

 

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

275

 

226

 

29.2

%

Amaryl

 

88

 

79

 

20.9

%

125

 

127

 

0.7

%

Insuman

 

43

 

42

 

5.9

%

41

 

24

 

69.1

%

Lantus

 

16

 

9

 

81.3

%

 


(1) unaudited

(2) On a comparable basis

(3) Alliance with Teva Pharmaceuticals Industries Inc

Rilutek and Synercid are no longer reported as strategic products

 

16



 

 

Aventis Non-Core Businesses
Consolidated Income Statement (1)

 

YTD

 

YTD

 

%

 

in million €

 

Q3 / 2002

 

Q3 / 2001

 

%

 

2002

 

2001

 

 

 

 

 

 

 

 

 

 

 

2,780

 

4,899

 

-43.3

%

Net sales

 

250

 

1,242

 

-79.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,530

)

(2,726

)

 

 

Cost of goods sold

 

(157

)

(694

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

45.7

%

44.4

%

 

 

Gross margin (as % of sales)

 

44.3

%

44.1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,147

)

(1,148

)

-0.1

%

SG&A and other

 

(53

)

(322

)

-83.4

%

(259

)

(464

)

-44.1

%

Research & Development

 

(25

)

(154

)

-83.6

%

(17

)

(18

)

-5.3

%

Restructuring

 

(2

)

(8

)

-80.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(173

)

543

 

-131.9

%

Operating profit before goodwill amortization

 

13

 

64

 

-80.2

%

67

 

(58

)

-215.2

%

Equity in earnings of affiliated companies

 

33

 

(47

)

-170.0

%

(106

)

485

 

-121.9

%

EBITA (2)

 

46

 

17

 

176.5

%

 


(1) unaudited

(2) = Operating profit before goodwill amortization + equity in earnings of affiliated companies

 Percentages are calculated before rounding the data in million euros

 

17



 

 

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

AVENTIS

 

 

(Registrant)

 

 

 

Date October 30, 2002

By:

/s/ Dirk Oldenburg

 

 

 

 

Name :

Dirk Oldenburg

 

Title :

General Legal Counsel

 

 

 

 

18


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-----END PRIVACY-ENHANCED MESSAGE-----