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SANDOZ LTD. ANNOUNCES EARNINGS

 BASLE, Switzerland, April 27 /PRNewswire/ -- At the annual press conference held today in Basle, Sandoz Ltd. announced its results for 1992 and gave details of important organizational and management changes. It was also announced that sales in the first quarter of the current year had exceeded last year's record figure by 2 percent.
 Chairman and C.E.O. Dr. Marc Moret said 1992 had been a good year for Sandoz, adding that the group could face the future with confidence. "Given the depressed state of the European economies, 1993 will severely test management skills in industry. Sandoz looks forward to this challenge with confidence and determination. For us, 1993 will be another good year," Dr. Moret said. Its international orientation, flexible structures, dynamic responsiveness to market needs and highly focused research policy would keep Sandoz among the industry's leaders.
 Like every company Sandoz needed a balanced mixture of continuity and change, of stability and innovation. The decision to align the six operating divisions into two Core Sectors from the middle of this year was aimed at exploiting synergies and further developing successful strategies throughout Sandoz. Application of the International Accounting Standards to the 1992 accounts, said Dr. Moret, meant that the performance of Sandoz was now internationally comparable.
 As already announced, Daniel C. Wagniere will assume the responsibility of chief operating officer on July 1. The new Core Sectors Life Sciences (Pharmaceuticals, Seeds and Nutrition) and Chemicals and Environment (Chemicals, Agro, Construction plus Environment) will be headed by Dr. Urs Barlocher and Dr. Rolf W. Schweizer, respectively. It was also announced that the board had approved the appointment of the following new operational heads of divisions: Dr. Martin Syz (Chemicals), Dale Miller (Agro) and Per-Erik Persson (Seeds).
 Group Treasurer Dr. Raymund Breu explained the impact of the International Accounting Standards (IAS) on the 1992 accounts, pointing out that the main benefit is greater transparency for investors and the general public. Dr. Rolf W. Schweizer, vice president of the executive board, reported on Sandoz' performance in 1992, saying all divisions had increased sales in both Swiss franc and local currency terms despite the difficult business environment.
 Dr. Max Link, chairman of the board of Sandoz Pharma Ltd., addressed the issue of health-care policy in Switzerland, with particular reference to market access and drug pricing. He called for urgent reforms in the health-care system, and proposed a model developed by the leading pharmaceutical companies as a possible means of achieving increased efficiency combined with a large measure of social solidarity.
 In view of the prevailing economic climate, group sales showed a satisfactory trend in the first quarter of 1993. At Sfr. 4,208 million, they had improved 2 percent over last year's record figure, of 3 percent in local currency terms.
 Sales in the first quarter of 1993
 SANDOZ LTD.
 Percent
 1993 1992 Difference
 (Sfr. in millions) Sfr. Local
 Currencies
 Chemicals 639 638 0 2
 Pharmaceuticals 1,862 1,801 3 3
 Agro 508 469 8 6
 Seeds 490 497 -1 -1
 Nutrition 448 456 -2 2
 Construction + Environment 261 246 6 5
 Total 4,208 4,107 2 3
 -0- 4/27/93
 /CONTACT: Jim Simpson of Sandoz, 212-830-2444/


CO: Sandoz Ltd. ST: IN: MTC SU: ERN

AH-OS -- NY038 -- 1252 04/27/93 10:40 EDT
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Date:Apr 27, 1993
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