First of all, the Sanofi group benefits from a very interesting positioning in its sector of activity. Indeed, Sanofi is none other than the fourth largest pharmaceutical group in the world. At the European level, its positioning is even more interesting since it is the leader in its sector. It should also be recalled here that Sanofi is currently the world leader in vaccines.

Another important strength of the Sanofi share is the very likely growth of the pharmaceuticals sector over the coming years. This anticipated growth is based on a number of different factors and structural factors.

The good distribution of the Sanofi Group's various activities is also a real strength. Indeed, the group generates 31% of its revenues from established products, 20.5% from diabetes treatments, 9.5% from consumer health products, 10% from products for the treatment of rare diseases, 5% from generics, 4% from oncology treatments, 13% from vaccines and 7% from veterinary health products. As a result, the company does not present a significant risk in any single health area and can offset some of its losses in other markets.

From a geographical point of view, the Sanofi Group has also succeeded in positioning itself strategically. This is particularly the case with its positioning in emerging markets, which account for 33% of the Group's sales, of which only 12% are in Asia and which are currently growing rapidly. The United States market accounts for 36% of sales and Western Europe accounts for only 22% of sales.

Analysts specializing in this market also stress the importance of the strategy implemented by the Sanofi Group, which has already proved its worth. Indeed, the company is focusing on reducing its dependence on a few key compounds. In this way, it is tending to reduce the impact of patents and the rise of generic drugs, which have been causing problems for many laboratories for several years now.

We can also appreciate the fact that the Sanofi Group is on the way to becoming one of the major names in healthcare for the general public worldwide with its range of non-prescription medicines. To this end, it has decided to sell its veterinary health division to the German company Boerhinger Ingelheim in exchange for the purchase of the Lysopaïne, Dulcolax and Surbronc brands, which are marketed worldwide. This decision is an intelligent way of positioning itself in this future-oriented segment.

Stock market investors and shareholders also appreciate the visibility this company offers on its future growth. The group announces the release of new drugs in advance. To remain one of the leaders in its sector, Sanofi can also count on its many innovations. Indeed, investments in research and development should reach 6 billion euros by 2020.

Finally, the Sanofi Group has the advantage of having very significant cash resources, i.e. more than 8 billion euros, which enables it to regularly launch share buyback programs with very attractive payouts to its shareholders.