Galderma not expecting hit to its business from Middle East turmoil

Galderma AG

05/03/2026 10:32

ZURICH, March 5 (Reuters) - Galderma GALD.S still sees the Middle East as an attractive market, and the conflict there is unlikely to have any major impact on the Swiss skincare firm because the region only makes up a small part of overall business, CEO Flemming Ornskov said on Thursday.

Ornskov said less than 2% of Galderma's business was currently in the Middle East although the company has been pushing to grow there, highlighting its recent entry into Saudi Arabia and expansion in the United Arab Emirates.

Galderma saw plenty of scope for growth in both skincare products and injectable aesthetics in the region and was continuing to press ahead with its plans, the CEO told Reuters.

"Of course, they may have had a bit of a setback now with what's going on," Ornskov said, noting that the well-being of workers and customers was paramount to the company.

"But, when all is said and done, and down the line, I'm absolutely sure we will, with renewed energy, continue to build out our business there," he added.

 (Reporting by Dave Graham
Editing by Madeline Chambers)

 ((dave.graham@thomsonreuters.com; Reuters Messaging: dave.graham.thomsonreuters.com@reuters.net))