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Traduction de «from the 2007 level » (Néerlandais → Français) :

Taxes The tax rate for continuing operations (taxes as a percentage of pre-tax income) rose to 14.1% in 2008 from the unusually low level of 12.6% in 2007.

Impôts Le taux d’imposition des activités poursuivies (exprimé en pourcentage du résultat avant impôts) a atteint 14,1% en 2008, contre un niveau exceptionnellement bas de 12,6% en 2007.


The dividend payment made in 2008 amounted to USD 3.3 billion, a 29% increase from the 2007 level in US dollars.

Le paiement du dividende effectué en 2008 s’est élevé à USD 3,3 milliards, soit une hausse hausse de 29% par rapport au niveau de 2007.


Net income from discontinued operations The 2007 results include net proceeds of USD 5.4 billion from the divestments of Medical Nutrition (as of July 1, 2007) and Gerber (as of September 1, 2007) along with the contributions of these businesses before their divestments.

Résultat net des activités abandonnées Le résultat de 2007 a inclus des gains nets d’USD 5,4 milliards provenant des cessions de Nutrition médicale (au 1 er juillet 2007) et de Gerber (au 1 er septembre 2007) ainsi que les contributions de ces unités d’affaires avant leur cession.


One striking point is the clear trend towards an increasing number of phase I trials, from 17% in 2004 to 24% in 2007, as well as the increase in the number of submitted academic clinical trials: from 3% in 2004 to 7% in 2007.

One striking point is the clear trend towards an increasing number of phase I trials, from 17% in 2004 to 24% in 2007, as well as the increase in the number of submitted academic clinical trials: from 3% in 2004 to 7% in 2007.


At European level, important texts were adopted such as Directive 2007/47/EC amending Directive 93/42/EEC concerning medical devices and Directive 90/385/EEC on the approximation of the laws of the Member States relating to active implantable medical devices, and Regulation (EC) no. 1394/2007 on advanced therapy medicinal products.

At European level, important texts were adopted such as Directive 2007/47/EC amending Directive 93/42/EEC concerning medical devices and Directive 90/385/EEC on the approximation of the laws of the Member States relating to active implantable medical devices, and Regulation (EC) no. 1394/2007 on advanced therapy medicinal products.


Overall liquidity rose to USD 14.2 billion at September 30, 2009, more than double the end-2008 level of USD 6.1 billion, due to improving free cash flow from continuing operations (before dividends), which rose 20% to USD 6.1 billion in the first nine months of 2009, and proceeds from the bond issues.

Le total des liquidités a augmenté à USD 14,2 milliards au 30 septembre 2009, soit plus que le double du niveau à fin 2008 qui s’élevait à USD 6,1 milliards. Ce bond résulte d’une amélioration du free cash flow provenant des activités poursuivies (avant dividendes), en hausse de 20% à USD 6,1 milliards pour les neuf premiers mois de 2009, et du produit des émissions d’obligations.


Overall liquidity rose to USD 17.4 billion at December 31, 2009, more than double the year-end 2008 level of USD 6.1 billion, underpinned by increasing cash flow from operations and proceeds from the bond issues.

Le total des liquidités a progressé à USD 17,4 milliards au 31 décembre 2009, atteignant ainsi plus du double du niveau d’USD 6,1 milliards à fin 2008, soutenu par une augmentation des flux de trésorerie provenant des activités et par le produit des emprunts obligataires.


Cash flow Cash flow from operating activities improved 25% in 2009 to USD 12.2 billion based on higher profitability and initiatives to reduce working capital requirements, which fell USD 1.3 billion from 2008 levels.

Flux de trésorerie En 2009, les flux de trésorerie provenant des activités opérationnelles ont augmenté de 25% à USD 12,2 milliards grâce à une meilleure profitabilité et à des projets visant à réduire les besoins en fonds de roulement, qui ont baissé d’USD 1,3 milliard en comparaison des niveaux requis en 2008.


Sandoz: USD 247 million (+0%) The operating margin rose 1.3 percentage points to 13.9% from the 2008 quarter as focused efforts on productivity gains, including reductions in Cost of Goods Sold and total function costs, helped maintain profitability at the prior-year level despite negative currency movements (–12 percentage points) and lower contributions from the US.

Sandoz: USD 247 millions (+0%) La marge opérationnelle a augmenté de 1,3 point de pourcentage à 13,9%, en comparaison du deuxième trimestre 2008. La concentration des efforts sur les gains de productivité, comprenant une réduction du coût des ventes et des frais de fonctionnement totaux, ont aidé à maintenir la profitabilité au niveau de l’exercice précédent en dépit des changes défavorables (–12 points de pourcentage) et d’une baisse des contributions des Etats-Unis.


In this first “annual report”, we have chosen to describe the transition from the DG Medicinal Products of the FPS Public Health to an autonomous medicines agency and provide more details about a number of activities in 2007.

In this first “annual report”, we have chosen to describe the transition from the DG Medicinal Products of the FPS Public Health to an autonomous medicines agency and provide more details about a number of activities in 2007.




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