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Sanofi-aventis Delivers 2008 Results Above Guidance
Date:2/11/2009

as % of as % of net net % FY 2008 sales FY 2007 sales change Net sales 27,568 100.0% 28,052 100.0% -1.7% Other revenues 1,249 4.5% 1,155 4.1% 8.1% Cost of sales (7,335) (26.6%) (7,571) (27.0%) -3.1% Gross profit 21,482 77.9% 21,636 77.1% -0.7% Research and development expenses (4,575) (16.6%) (4,537) (16.2%) 0.8% Selling and general expenses (7,168) (26.0%) (7,554) (26.9%) -5.1% Other current operating income/expenses 203 276 Amortization of intangibles (180) (143) Operating income - current* 9,762 35.4% 9,678 34.5% 0.9% Restructuring costs Impairment of PP&E and intangibles Gain/loss on disposals, and litigation Operating income 9,762 35.4% 9,678 34.5% 0.9% Financial expenses (335) (329) Financial income 65 190 Income before tax and associates 9,492 34.4% 9,539 34.0% -0.5% Income tax expense (2,755) (2,919) Effective tax rate 29.0% 30.6% Share of profit/loss of associates 890 760 Minority interests (441) (419) Net income (after minority interests) 7,186 26.1% 6,961 24.8% 3.2% Average number of shares outstanding (million) 1,309.3 1,346.9 Earnings per share (in euros) 5.49 5.17 6.2% * Operating income befor
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