Sabadell - Grifols (GRF SM) (GRF SM) GRIFOLS: POSITIVE MESSAGES FROM CONFERENCE CALL ON BIOTEST AG ACQUISITION (ANÁLISIS BANCO SABADELL)

Report

Sabadell

Luis Arredondo

EUR 50.00 For Business Accounts Only

GRIFOLS: POSITIVE MESSAGES FROM CONFERENCE CALL ON BIOTEST AG ACQUISITION (ANÁLISIS BANCO SABADELL)

Highlights from the conference call on the Biotest AG acquisition:
 2024/26 Synergies & estimates: The € 300 M of incremental EBITDA GRF expects Biotest to generate in 2024 is broken down into: € 104 M EBITDA from the recurring business, € 65 M from Opex synergies (mainly backoffice duplicities) and € 138 M from the contribution derived from the launch of 2 new plasma proteins in the pipeline (IgM and Fibrinogen).

17/09/2021 3 EN

Underlying

Grifols (GRF SM)

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Provider

Sabadell

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Analysts

Luis Arredondo

Other Reports on these Companies

Sabadell

GRIFOLS: 1Q’25 RESULTS (ANÁLISIS BANCO SABADELL)

1Q'25 vs. 1Q'24 Results Sales: € 1.786 Bn (+9.8% vs. +6.1% BS(e) and +6.9% consensus); EBITDA: € 400.0 M (+29.0% vs. +20.2% BS(e) and +25.8% consensus); EBIT: € 268.86 M (+31.9% vs. +25.1% BS(e) and +29.0% consensus); Net Profit: € 60.0 M (+185.7% vs. +121.2% BS(e) and +128.6% consensus);

EUR 100.00

May 13, 2025 May 13, 2025 1 EN

Sabadell

GRIFOLS: RDOS. 1T’25 (ANÁLISIS BANCO SABADELL)

Rdos. 1T'25 vs 1T'24: Ventas: 1.786 M euros (+9,8% vs +6,1% BS(e) y +6,9% consenso); EBITDA: 400,0 M euros (+29,0% vs +20,2% BS(e) y +25,8% consenso); EBIT: 268,86 M euros (+31,9% vs +25,1% BS(e) y +29,0% consenso); BDI: 60,0 M euros (+185,7% vs +121,2% BS(e) y +128,6% consenso).

EUR 100.00

May 13, 2025 May 13, 2025 1 ES

Sabadell

IBERIAN DAILY 13 MAY + 1Q’25 RESULTS. HIGHLIGHTS AND REST OF PREVIEWS (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACCIONA, ACCIONA ENERGÍA, ACS, ELECTRICITY AND GAS SECTOR, GRIFOLS. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 1Q’25 results to be released over the coming days in Spain. Markets become euphoric The agreement between the US and China to lower tariffs fuelled global stock markets again. In the STOXX 600, most sectors (14/20) ended the week with gains, led by Basic Resources and Consumer Goods vs. Insurance and Utilities that suffered the biggest losses. On ...

EUR 100.00

May 13, 2025 May 13, 2025 1 EN

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 14 TO 21 MAY 2025 (ANÁLISIS BANCO SABADELL)

European Portfolio No changes this week. European High Yield Portfolio AB Inbev, Air Liquide, Airbus, ASML &AXA No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio Cellnex, Ferrovial, IAG, Indra & Merlin No changes this week. 5 High-Yield Stock Portfolio Acciona, Colonial, Iberdrola, Mapfre & Redeia No changes this week. Mid&Small Recommended Portfolio CAF, Enagás, Ence, Fluidra, Global Dominion, Grupo Catalana Occidente, Indra, Meliá, Sacyr & Viscofan No changes this week.

EUR 100.00

10h / 30m 10h / 30m 1 EN

Research Department

Research Department

SEMANAL MERCADOS: JAPÓN, BARATO, CON CATALIZADORES POSITIVOS Y ALGÚN RIESGO (ANÁLISIS BANCO SABADELL)

El Nikkei 225 es el peor índice desarrollado en 2025 (-5,9%). Cotiza barato vs MSCI y deuda y un acuerdo comercial EE.UU./China y la apreciación del dólar serían un catalizador positivo (15,5% de exposición a China+Hong Kong y 15% a EE.UU. y >50% a empresas manufactureras exportadoras). En negativo, un mayor incremento de la rentabilidad de la deuda japonesa (subidas de tipos del BoJ) llevaría al cierre de carry trade y una apreciación del yen (impactaría negativamente en BPA/elevada correlación Nikkei/tipo de cambio). Con esto, mantenemos la recomendación de Neutral y en su lugar nos centramo...

EUR 100.00

13h / 12m 13h / 12m 1 ES

Research Department

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 14 AL 21 MAYO 2025 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa AB Inbev, Air Liquide, Airbus, ASML y AXA Sin cambios esta semana. Cartera Modelo España Sin cambios esta semana. Cartera 5 Valores España Cellnex, Ferrovial, IAG, Indra y Merlin Sin cambios esta semana. Cartera 5 valores High Yield España Acciona, Colonial, Iberdrola, Mapfre y Redeia Sin cambios esta semana. Cartera Pequeñas y Medianas España CAF, Enagás, Ence, Fluidra, Global Dominion, Grupo Catalana Occidente, Indra, Meliá, Sacyr y Viscofan Sin cambios esta semana.

EUR 200.00

14h / 13m 14h / 13m 1 ES

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GRIFOLS: POSITIVE MESSAGES FROM CONFERENCE CALL ON BIOTEST AG ACQUISITION (ANÁLISIS BANCO SABADELL)

GRIFOLS: 1Q’25 RESULTS (ANÁLISIS BANCO SABADELL)

GRIFOLS: RDOS. 1T’25 (ANÁLISIS BANCO SABADELL)

IBERIAN DAILY 13 MAY + 1Q’25 RESULTS. HIGHLIGHTS AND REST OF PREVIEWS (ANÁLISIS BANCO SABADELL)

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 14 TO 21 MAY 2025 (ANÁLISIS BANCO SABADELL)

SEMANAL MERCADOS: JAPÓN, BARATO, CON CATALIZADORES POSITIVOS Y ALGÚN RIESGO (ANÁLISIS BANCO SABADELL)

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 14 AL 21 MAYO 2025 (ANÁLISIS BANCO SABADELL)

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