"Roche is a global company with a complete value chain in its key markets such as the United States, Europe and Japan," a spokesman said in an emailed statement.

"Roche generates significant revenues in the euro zone. At the same time, Roche also incurs an important part of its costs in euros, including expenses for R&D, production and personnel. This helps mitigate the currency impact on Roche's cash flow."

(Reporting by Caroline Copley and Ben Hirschler; Editing by Tom Pfeiffer)

Valeurs citées dans l'article : Roche Holding Ltd., COMPLETE, CASH FLOW