Novo Nordisk overtakes SAP as Europe's most valuable company

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Novo Nordisk overtakes SAP as Europe's most valuable company

//business-finance.news-articles.net/content/202 .. takes-sap-as-europe-s-most-valuable-company.html

Published in Business and Finance on Friday, June 13th 2025 at 6:00 GMT by Fortune
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Novo's market capitalization reached $365 billion, slightly surpassing SAP's valuation of $364.3 billion.

Novo Nordisk has surpassed SAP to become Europe's most valuable company, with a market capitalization of $600 billion compared to SAP's $220 billion. This shift is attributed to the soaring demand for Novo Nordisk's weight-loss and diabetes drugs, Wegovy and Ozempic, which have seen significant success in the U.S. market. The company's stock has risen by 50% over the past year, reflecting strong investor confidence in its growth potential. Meanwhile, SAP, a leader in enterprise software, has experienced slower growth, contributing to its decline in market value relative to Novo Nordisk.

Read the Full Fortune Article at:
[ https://fortune.com/europe/2025/06/13/novo-nordisk-overtakes-sap-europe-most-valuable-company/ ]

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Novo Nordisk overtakes SAP as Europe's most valuable company