Grifols A : Q3 earnings notably below expectations. FY 2024 guidance reiterated
>Biopharma sales momentum improves… - Sales grew by +12% or +12% cc (vs +9% cc in Q2) to € 1.8bn (in line). Momentum improved sequentially and unlike Q2, where it was mostly explained by Bio-supplies/Diagnostic, it is now Biopharma leading the growth (+12%cc in Q3 vs +9% in Q2). Bio Supplies (+49% cc in Q3 vs +93% in Q2) deteriorated sequentially yet maintained a very solid pace. Diagnostic (+1% cc in Q3 vs +1% in Q2) kept the very modest pace seen in Q2 (-3% cc in Q3...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.
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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