Grifols falls after Q1 miss, FX pressure

Grifols SA

08/05/2026 09:33

** Shares of Grifols GRLS.MC fall 4% after the company reported Q1 results below expectations

** The company's Q1 results came in below estimates and consensus with US dollar's performance adding further pressure, Renta 4 says

** Renta 4 adds that at constant currency, revenue grew 3.3%, slightly ahead of the broker's forecast, but the dollar impact turned this into a reported decline of 4.8%

** The Spanish drugmaker reported Q1 revenue of 1.70 billion euros vs 1.79 bln euros yr ago, and Q1 EBITDA of 355 mln euros vs 381 mln euros year-on-year

** "Gross margin was 36.5%, down 2.4 pp vs. Q125 and below expectations (37.5% estimates and 37.3% consensus), although it is expected to improve in H2", Renta 4 says

** Grifols reiterated its full-year guidance

** The shares hit the bottom of Spanish blue-chip index Ibex-35 .IBE and are on track for their worst day since April 9

 (Reporting by Joanna Jonczyk-Gwizdala)

 ((joanna.jonczyk@tr.com))