Report
Juan Ros-Padilla

Almirall SA : Q3 results in line. FY 2024 guidance reiterated. Uninspiring initial indications for FY 2025

>Sales gain some momentum, but margins deteriorate on launch costs - Sales reached € 231m (+10% y-o-y vs +7% in Q2 2024 and +7% in Q1 2024), broadly in line with our estimates and the consensus. As regards its recent product launches: Ilumetri posted strong double-digit growth, even slightly accelerating q-o-q, despite facing a hard comp (+24% in Q3 vs +22% in Q2 2024 and +36% in Q3 2023), Ebglyss’ contribution to sales was € 10m equating to a +178% q-o-q growth. The ...
Underlying
Almirall SA

Almirall is engaged in the acquisition, manufacture, storage, sale and mediation in the sale of pharmaceutical specialties and products and all manner of raw materials used to prepare pharmaceutical specialties and products. Also, Co. acquires, manufactures, storages, sales and mediates in the sale of cosmetics, chemical, biotechnological and diagnostic products for human, veterinary, agrochemical and food-industry use, as well as all manner of utensils, complements and accessories for the chemical, pharmaceutical and clinical industries. In addition, Co. is engaged in the acquisition, sale, lease, subdivision and development of land lots, land and properties of all kinds.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Juan Ros-Padilla

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