Report
Juan Ros-Padilla ...
  • Luis de Toledo Heras

Almirall SA : Q4 EBITDA in line. NP again below on impairments. FY 2023 guidance a touch below ours and consensus numbers

>In line operating performance with sales momentum and q-o-q margin recovery - Sales reached € 231m (+7% y-o-y vs +4% in Q3 and +6% in Q2), somewhat above our estimates and the consensus. As regards its recent product launches, Skilarance showed sequential improvement (+12% vs -10% in Q3 and -11% in Q2), Ilumetri experienced some normalisation after an impressive 9M (+44% vs +52% in Q3 and +56% in Q2) and Seysara posted a sequential deterioration (-11% vs +10% in Q3 a...
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

Luis de Toledo Heras

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