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SANDOZ ANNOUNCES JUNE SALES RESULTS

 SANDOZ ANNOUNCES JUNE SALES RESULTS
 BASLE, Switzerland, July 20 /PRNewswire/ -- The Sandoz Group's sales


in the period ended June 30, amounted to Sfr.7.9 billion. This represents an increase of 14 percent in Swiss francs and of 8 percent in local currency terms, discounting the impact of the high-inflation countries.
 The performance of the individual businesses were as follows:
 THE SANDOZ GROUP
 (in Sfr. millions)
 Percent
 Six months ended June 30: 1992 1991 Difference
 In Sfr. In local
 currencies(A)
 Chemicals 1,307 1,192 10 6
 Pharmacies 3,542 3,061 16 10
 Agro 803 760 6 0
 Seeds 774 696 11 5
 Nutrition 937 732 28 22
 Construction & environment 531 491 8 2
 Total 7,894 6,932 14 8
 (A) -- excluding high-inflation countries.
 Although recessionary trends continued to dominate the world economy, internal anticipatory measures made it possible to attenuate much of their impact on the group's performance. As a result, an overall growth rate of 14 percent in Swiss francs was achieved, with Pharma and Nutrition showing above-average increases.
 Chemicals continued the turnaround started in the second half of last year, with good progress in the U.S. and Far East and successful defense of its market positions in Europe.
 Pharma showed vigorous growth, with strong performance in the United States, its most important market. Above-average growth rates were achieved by Sandimmun(R) and Leponex(R)/Clozaril(R) in particular, as well as by the newer specialty drugs such as Lamisil(R), Sandostatin(R) and Lomir(R)/DynaCirc(R). On the research side, the development of key projects continues on schedule with specific emphasis in the field of immunology, oncology and dermatology.
 As expected, sales of agrochemicals were affected to some extent by distributors' already high stock levels at the beginning of the season. Despite the seasonal difficulties the overall development of Agro is viewed as satisfactory in comparison with the industry.
 Seeds achieved good progress overall with its field-crop seeds, notably with sugarbeet and corn in Europe. Gratifying increases were also recorded in vegetable and flower seeds.
 Nutrition maintained its extremely high increase in sales, half of which was due to internal growth, particularly of its clinical formulations, Ovaltine(R) and Isostar(R), and half to the successful integration of companies acquired in 1991.
 Against a background of stagnation in the building industry, Construction & Environment succeeded in asserting its position. The world's biggest construction market -- the United States -- remained in recession but business made satisfactory progress in the Far East.
 The sluggish development of the world economy and the volatility of the U.S. dollar are expected to continue in the second half of the year. However, based on the new products flow, operational efficiency and positive core earnings growth of the first six months, a further increase in consolidated income is expected for the whole year.
 -0- 7/20/92
 /CONTACT: (Investors) James R. Simpson of Sandoz, 212-830-2444/ CO: Sandoz Group ST: IN: SU:


TQ-TS -- NY006 -- 0581 07/20/92 09:03 EDT
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Date:Jul 20, 1992
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