Report
Juan Ros-Padilla

Almirall SA : Q4 EBITDA in line. NP again below on impairments. FY 2024 guidance somewhat below ours and the consensus numbers

>Operating performance with sales momentum and margin deterioration - Sales reached € 218m (-5% y-o-y vs +4% in Q3 and +8% in Q2), somewhat above our estimates but below the consensus. As regards its recent product launches: Ilumetri keeps on with its normalisation (+22% in Q4 +36% in Q3 and +39% in Q2) and Seysara maintains the deterioration observed over the last quarters (-19% vs -25% in Q3 and -26% in Q2 2023). The GM stood at 66% in Q4 2023 (flat y-o-y), in line ...
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

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch