Almirall SA : Q3 earnings preview: dull, low seasonal quarter. Focus remains on Ebglyss
>Sales to post some acceleration vs the pace seen in H1 2024 while margins contract on launch costs - The company is due to publish its Q3 2024 results on 11 November before the market opens. We expect total sales to grow 9% y-o-y to € 229m (vs +7% in Q2 and +7% in Q1), while the absolute figure is c.10% below the Q1 and Q2 due to the usual low seasonality of Q3. At the EBITDA level, we expect a very modest expansion of +2% to € 38m, negatively impacted launch costs....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.
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.
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