Report
Juan Ros-Padilla

Pharma Mar : Q2 earnings in line

>Headline momentum appears weak but Lurbi keeps growing in underlying terms - Sales decreased 7% y-o-y in Q2 2024 (vs +12% in Q1 and -20% in Q4). Biopharma sales decreased 18% y-o-y in Q2 2024 (compared to +25% in Q1 and -32% in Q4) namely owing to a reversal of overprovisions for deductions applicable under the French compassionate use programme, excluding this effect H1 2024 Lurbi sales in Europe is growing at a +16% pace. Royalties posted a +18% y-o-y increase (vs ...
Underlying
Pharma Mar SA

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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