LONDON, February 7, 2012 /PRNewswire/ --
In an online video interview with MerchantCantos, GlaxoSmithKline CEO Sir Andrew Witty talks about the pharmaceutical group's special dividend, solid results and why the company is so well positioned to continue to deliver.
Sir Andrew said "adversity isn't all downside for everybody" and that the market offered opportunities for companies who had strengthened and had changed their exposure to places of growth.
"This is a time where we should feel optimistic. And certainly at GSK we do feel optimistic. We feel like are moving into a new era for the company and we now need to focus on absolute disciplined execution to make sure that we take advantage of all of the opportunities that we've worked so hard to try and create for ourselves."
CFO Simon Dingemans admitted there had been some margin pressure in Q4 but that he expected margins to improve gradually. "We expect only a very gradual increase in operating margin, and by that I mean a few tens of basis points and more in 2013 and further thereafter."
The interviews and transcripts are available now on http://www.cantos.com/company/GlaxoSmithKline.
MerchantCantos produces in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email [email protected] or phone +44-207-936-1352.