Report
Martial Descoutures

Dermapharm Holding SE : Preliminary FY results out – Sales weaker, adj. EBITDA better

>Pandemic having driven margins in FY 2022 - Dermapharm reported preliminary results for FY 2021, no details on divisions, only sales and EBITDA numbers. Sales of € 943m (+19% y-o-y) were slightly below our forecast of € 947m and the consensus (FactSet) of c. € 949m. Adjusted EBITDA came in at c. € 351m, which was better than our forecast (€ 343m) and the consensus (€ 342m). This would represent an increase of 75% y-o-y, the high end of raised guidance (70-75% y-o-y g...
Underlying
Dermapharm Holding SE

Dermapharm Holding SE. Dermapharm Holding SE is a Germany-based company engaged in manufacturing of patent-free branded pharmaceuticals. The Company operates through two segments: Branded pharmaceuticals and other healthcare products, which includes in-house development, in-house production, and distribution of branded pharmaceuticals and other healthcare products, and Parallel import business, which operates under the axicorp brand. It holds around 950 marketing authorizations for more than 250 active pharmaceutical ingredients, which are marketed as pharmaceuticals, dietary supplements or supplemental balanced diets. The Company offers its products through a number of brands, including Dekristol, Ampho Moronal, Keltican, Tromcardin, among others. It is active primarily in Germany, Switzerland and Austria. Additionally, it operates production facility in Germany. Trommsdorff & GmbH Co KG is a subsidiary of the Company.

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
Martial Descoutures

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