Grifols 1Q18 - Reassuring performance, which augurs well for FY18
Grifols, the Spanish company specialized in biological results, reported good 1Q18 results. Sales were down 3.6% yoy to €1.02bn, but this was mainly related to the depreciation of the USD against the Euro since Grifols generates 67% of its sales in North America. Stripping out the currency effects, sales were up 7.4% with all business segments contributing positively.
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.
Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.
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