Report
Juan Ros-Padilla

Grifols A : Q1 EBITDA beats our numbers. FY 2023 guidance nuanced slightly upwards

>Plasma collection keeps growing at a double-digit pace - Q1 group sales grew by 23% (+18% cc vs +21% in Q4 2022) reaching € 1.6bn, a touch ahead of our numbers and the consensus. Biopharma posted a robust +26% y-o-y growth (+15% l-f-l , +21% cc) to € 1.3bn driven by: i/ a still solid plasma collection growth (+11% in Q1 vs +25% in FY 2022) helped by the US southern border re-opening, ii/ robust IGg demand and price upticks, iii/ growing demand, higher prices and fav...
Underlying
Grifols S.A. Class A

Grifols is engaged in developing, manufacturing and distributing a range of plasma derivative products. Plasma derivatives are proteins found in human plasma, which once isolated and purified, have therapeutic value. These protein-based therapies extend the lives of individuals who suffer from chronic and acute conditions. Co. also specializes in providing infusion solutions, nutrition products, medical devices, diagnostic instrumentation and reagents for use in hospitals and clinics. Co.'s products and services are used by healthcare providers in approximately 100 countries. Co.'s business is organized into three divisions: Bioscience, Diagnostic, Hospital and Raw Materials.

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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