Novartis AG (LTS:0K9E)
$ 99.26 -1.37 (-1.36%) Market Cap: 199.17 Bil Enterprise Value: 217.31 Bil PE Ratio: 11.84 PB Ratio: 4.79 GF Score: 80/100
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Novartis AG Annual Shareholders Meeting Transcript

Mar 04, 2022 / 01:00PM GMT
Release Date Price: $79.27 (-1.71%)
Joerg Reinhardt
Novartis International AG - Chairman of the Board of Directors

[Interpreted] Distinguished shareholders, ladies and gentlemen, I would like to welcome you very cordially to the 26th Ordinary Annual General Meeting of Novartis AG.

Before I start dealing with the agenda of today's AGM, I wish to first comment on the war and the dramatic development in the Ukraine. We condemn the invasion of the Ukraine by Russian troops as well as the use of any force as a means to solving a conflict. Our thoughts are with the people in the war zone and our 500 employees in the Ukraine as well as with our colleagues in the entire region who are doing whatever they can to support our colleagues in the Ukraine.

We are observing this development very closely, and we are already working hard on developing emergency plans to be able to continue providing drugs and therapies to patients in need. Furthermore, we have decided to donate $3 million to provide immediate emergency aid.

It is still too early to exactly assess the economic repercussions of the Russian invasion of the Ukraine.

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