UK markets open in 20 minutes

Guerbet SA (GUERF)

Other OTC - Other OTC Delayed price. Currency in USD
Add to watchlist
58.350.00 (0.00%)
At close: 1:05PM EST
Full screen
Trade prices are not sourced from all markets
Previous close58.35
Open58.35
BidN/A x N/A
AskN/A x N/A
Day's range58.35 - 58.35
52-week range58.35 - 58.35
Volume100
Avg. volume0
Market capN/A
Beta (5Y monthly)0.93
PE ratio (TTM)34.69
EPS (TTM)1.68
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Globe Newswire

    Guerbet: Q1 2021 revenue

    Q1 2021 revenue Gradual improvement in activity: Reported revenue of €176.3 million, impacted by a significant currency effect-3.0% at constant exchange rates (CER1) and on a like-for-like basis2 Villepinte, April 22, 2021 – Guerbet (FR0000032526), a global specialist in contrast agents and solutions for medical imaging, is reporting its revenue for the first quarter of 2021. As of March 31, 2021, reported revenue was €176.3 million, down 11.5% from March 31, 2020, including an unfavorable forex impact of €10 million. Revenue at CER was down 6.5%. Excluding sales from the Montreal site, which was sold in July 2020, revenue at CER for the period was down slightly by 3.0% from Q1 2020, quarter not yet impacted by the effects of the health crisis. Geographical distribution of consolidated group revenue (IFRS) In millions of euros,at March 31, 2021Change (%) Q1 2021at current exchange rates Change (%) Q1 2021at constant exchange rates1 Q1 2020 Sales in EMEA-4.5%82.7-3.1%83.986.5Sales in Americas-17.1%52.6-6.0%59.663.4Sales in Asia-2.5%41.1+1.7%42.842.1Like-for-like total-8.2%176.3-3.0%186.3192.1Subcontracting activity (Montreal site)N/A0N/A07.2Total-11.5%176.3-6.5%186.3199.2 In EMEA, despite the continuing health situation, the Group saw an improvement in its activity with a gradual return to a more normalized situation. In the Americas, like-for-like sales (excluding the contribution of the Montreal site in Canada) were down 17.1%, including an unfavorable forex effect of €7 million attributable to the performance of the Brazilian real and the US dollar. At CER, like-for-like revenue was down 6.0%. Sales in Asia were slightly up by 1.7% at CER, with robust sales in Japan and China. Split of consolidated group revenue by activity (IFRS) In millions of euros,at March 31, 2021Change (%) Q1 2021at current exchange rates Change (%) Q1 2021at constant exchange rates1 Q1 2020 Diagnostic Imaging -10.7%154.4-5.4%163.5172.9 3MRI-9.8%58.1-5.1%61.164.4X-Ray-11.2%96.3-5.6%102.3108.5 3Interventional Imaging+14.1%21.9+19.0%22.919.2Subcontracting activity (Montreal site)N/A0N/A07.2Total-11.5%176.3-6.5%186.3199.2 Diagnostic Imaging sales were down 5.4% at CER, illustrating a gradual improvement compared with the decrease reported in Q4 2020. However, they continued to be affected by the health crisis, which led to the postponement of certain examinations and non-essential radiological procedures. MRI sales at CER were down 5.1%, with a decrease in volumes due to the health crisis.X-ray revenue at CER was down 5.6%, with good Xenetix® sales performance over the period. Interventional Imaging sales were particularly dynamic over the period, still driven by Lipiodol®. At CER, revenue increased 19.0% to €22.9 million. 2021 objectives maintained In an uncertain environment, the Group remains confident that revenue growth will return in 2021 starting in Q2. In terms of operational profitability, the Group is targeting the following EBITDA4 trends: In the short term, a growing EBITDA in 2021, with a minimum rate EBITDA/Sales at least equal to the 2020 fiscal year rate (14.1%),In the medium term, an improving EBITDA/Sales rate to ensure strong, lasting growth for the Group. Upcoming events: Reporting of first-half 2021 revenueJuly 22, 2021, after trading About Guerbet At Guerbet, we build lasting relationships so that we enable people to live better. That is our purpose. We are a leader in medical imaging worldwide, offering a comprehensive range of pharmaceutical products, medical devices, and digital and AI solutions for diagnostic and interventional imaging. A pioneer in contrast media for 95 years, with more than 2,600 employees worldwide, we continuously innovate and devote 10% of our sales to research and development in four centers in France, Israel, and the United States. Guerbet (GBT) is listed on Euronext Paris (segment B – mid caps) and generated €712 million in revenue in 2020. For more information, please visit www.guerbet.com. Forward-looking statements Certain information contained in this press release does not reflect historical data but constitutes forward-looking statements. These forward-looking statements are based on estimates, forecasts, and assumptions, including but not limited to assumptions about the current and future strategy of the Group and the economic environment in which the Group operates. They involve known and unknown risks, uncertainties, and other factors that may result in a significant difference between the Group's actual performance and results and those presented explicitly or implicitly by these forward-looking statements. These forward-looking statements are valid only as of the date of this press release, and the Group expressly disclaims any obligation or commitment to publish an update or revision of the forward-looking statements contained in this press release to reflect changes in their underlying assumptions, events, conditions, or circumstances. The forward-looking statements contained in this press release are for illustrative purposes only. Forward-looking statements and information are not guarantees of future performance and are subject to risks and uncertainties that are difficult to predict and are generally beyond the Group's control. These risks and uncertainties include but are not limited to the uncertainties inherent in research and development, future clinical data and analyses (including after a marketing authorization is granted), decisions by regulatory authorities (such as the US Food and Drug Administration or the European Medicines Agency) regarding whether and when to approve any application for a drug, process, or biological product filed for any such product candidates, as well as their decisions regarding labeling and other factors that may affect the availability or commercial potential of such product candidates. A detailed description of the risks and uncertainties related to the Group's activities can be found in chapter 4.8 "Management and risk factors" of the Group's Universal Registration Document filed with the AMF (French financial markets authority) under number D-20-0369 on April 28, 2020, available on the Group's website (www.guerbet.com). For more information about Guerbet, please visit www.guerbet.com Contacts GuerbetActifinJérôme EstampesChief Financial Officer+33 (0)1 45 91 50 00 Financial CommunicationsBenjamin Lehari+33 (0)1 56 88 11 25blehari@actifin.fr PressJennifer Jullia+33 (0)1 56 88 11 19jjullia@actifin.fr 1 At constant exchange rates: the exchange rate impact was eliminated by recalculating sales for the period on the basis of the exchange rates used for the previous fiscal year. 2 Like-for-like basis: the Montreal site's sales to third parties were excluded from the amount of Q1 2020 sales. During the period, sales totaled €7.2 million and were made in the Americas.3 X-ray contributions of Curium and Simafex added back for €0.7 million in Q1 2020. Q1 reported revenue totaled €172.2 million. 4 EBITDA: Operating income + net amortization, depreciation, and provisions. Attachment Guerbet CP CA T1 2021_EN

  • Globe Newswire

    Guerbet: Additional information related to 2021 financial outlook

    Additional information related to 2021 financial outlook Villepinte, March 29, 2021 – Guerbet (FR0000032526), a global specialist in contrast agents and solutions for medical imaging, is detailing information related to 2021 outlook disclosed in the March 24th, 2021 press release entitled “2020 Annual Results”. In terms of profitability, the company is targeting the following EBITDA trends: Short term, a growing EBITDA in 2021, with a minimum rate EBITDA/SALES equal to 2020 (14.1%)Medium term, an improving EBITDA/SALES rate, ensuring strong, lasting growth for the Group A detailed presentation of 2020 Annual Results is available under Investor Relation headings, on Guerbet’s site https://www.guerbet.com/investors/. Upcoming events: Reporting of Q1 2021 revenue April 22, 2021, after trading About Guerbet Guerbet is a leader in medical imaging worldwide, offering a comprehensive range of pharmaceutical products, medical devices, and digital and AI solutions for diagnostic and interventional imaging to improve patient diagnosis and treatment. A pioneer in contrast media for 95 years, with more than 2,600 employees worldwide, Guerbet continuously innovates and devotes 10% of its sales to research and development in four centers in France, Israel, and the United States. Guerbet (GBT) is listed on Euronext Paris (segment B – mid caps) and generated €712 million in revenue in 2020. For more information about Guerbet, please visit www.guerbet.com. Forward-looking statements Certain information contained in this press release does not reflect historical data but constitutes forward-looking statements. These forward-looking statements are based on estimates, forecasts, and assumptions, including but not limited to assumptions about the current and future strategy of the Group and the economic environment in which the Group operates. They involve known and unknown risks, uncertainties, and other factors that may result in a significant difference between the Group's actual performance and results and those presented explicitly or implicitly by these forward-looking statements. These forward-looking statements are valid only as of the date of this press release, and the Group expressly disclaims any obligation or commitment to publish an update or revision of the forward-looking statements contained in this press release to reflect changes in their underlying assumptions, events, conditions, or circumstances. The forward-looking statements contained in this press release are for illustrative purposes only. Forward-looking statements and information are not guarantees of future performance and are subject to risks and uncertainties that are difficult to predict and are generally beyond the Group's control. These risks and uncertainties include but are not limited to the uncertainties inherent in research and development, future clinical data and analyses (including after a marketing authorization is granted), decisions by regulatory authorities (such as the US Food and Drug Administration or the European Medicines Agency) regarding whether and when to approve any application for a drug, process, or biological product filed for any such product candidates, as well as their decisions regarding labeling and other factors that may affect the availability or commercial potential of such product candidates. A detailed description of the risks and uncertainties related to the Group's activities can be found in Chapter 4.8 "Management and risk factors" of the Group's Universal Registration Document filed with the AMF (French financial markets authority) under number D-20-0369 on April 28, 2020, available on the Group's website (www.guerbet.com). For more information about Guerbet, please visit www.guerbet.com Contacts Guerbet Actifin Jérôme Estampes Chief Financial Officer 01 45 91 50 00 Financial Communications Benjamin Lehari 01 56 88 11 25 blehari@actifin.fr Press Jennifer Jullia 01 56 88 11 19 jjullia@actifin.fr Attachment CP_Précision guidance2021_VAnglais

  • Globe Newswire

    Guerbet: 2020 annual results

    2020 annual results Revenue in line with forecasts despite the health crisis: -12.8% at current exchange rates at €712.3 million-10.0% at constant exchange rates (CER)(1) Resilient EBITDA(2) margin at 14.1% Proposed dividend maintained at €0.70/shareHigher free cash flow at €40 million with significant working capital improvementReduction of net debt to €257 millionConfirmation of the strategic roadmap in 2021: Strong growth in Interventional Imaging and delivery systemsReinforcement of the Group’s positions in the APAC regionFinalization of clinical studies and continuation of industrial investments for GadopiclenolContinued investments in Artificial Intelligence A favorable financial outlook: Revenue expected to increase in 2021 despite an ongoing health crisisExtension of 50% of the cost reduction implemented in 2020 Villepinte, March 24, 2021– Guerbet (FR0000032526), a global specialist in contrast agents and solutions for medical imaging, is announcing its consolidated annual results for 2020. On March 24, 2021, the Board of Directors approved the financial statements for the financial year ended December 31, 2020. The audit procedures have been completed, and the statutory auditors’ report is being prepared. Revenue in line with forecasts despite a health crisis The postponement of certain examinations and non-essential radiological procedures had a significant impact on activity, resulting in a contraction of the market. In this difficult environment, the Group has managed to maintain its market share by continuing to serve its customers to preserve patient health. As of December 31, 2020, reported revenue was €712.3 million, down 12.8% from December 31, 2019, including a substantial negative forex impact of €23.1 million. Revenue at constant exchange rates (CER) was down 10.0%, as the Group expected. Diagnostic Imaging revenue was down 11.4% at CER. It totaled €615.2 million compared with €719.4 million at December 31, 2019, down 14.5% at current exchange rates. MRI sales decreased 15.3% at CER and 17.2% at current exchange rates to €227.6 million. This decline was due to a negative volume effect directly related to the health crisis and, to a lesser extent, an adverse price effect in Europe related to the generic form of Dotarem®.X-ray revenue was down 8.8% at CER. It totaled €385.3 million at current exchange rates, down 12.6% from 2019, with Xenetix® showing good resistance throughout the year. Interventional Imaging revenue was down 1.5% at CER (-2.7% at current exchange rates), still driven by Lipiodol® sales up nearly 1% at CER. The segment’s revenue totaled €73.5 million at current exchange rates compared with €75.5 million in 2019. EBITDA in line with expectations thanks to rigorous cost discipline In millions of euros Consolidated financial statements (IFRS)2019 Reported2020 ReportedRevenue816.9712.3EBITDA111.5100.7% of revenue13.7%14.1%Operating income51.741.3% of revenue 6.3%5.8%Net income37.317.7% of revenue4.6%2.5%Net debt296.5256.6 As of December 31, 2020, the Group’s EBITDA remained above €100 million, representing a margin of 14.1% compared with 13.7% in 2019. This performance was in keeping with the Group’s expectations. In an unprecedented health crisis, the Group managed to react to maintain the quality of its financial balances by ramping up the cost control discipline already initiated in recent years as part of the Cost-to-Win plan. Over the 2020 financial year, the decrease in structural costs was just under €30 million, plus €9 million in manufacturing cost improvements. Fifty percent of the achieved savings will be extended through the 2021 financial year. The industrial organization was optimized with the sale of the Montreal manufacturing plant on July 15, 2020. This will further reduce manufacturing costs in 2022 and 2023. At December 31, 2020, operating income totaled €41.3 million for a margin of 5.8%. Net income is at €17.7 million compared with €37.3 million for the 2019 financial year. This decrease is primarily explained by significant negative forex effects and the write-down of the Canadian subsidiary’s assets for €4.4 million following the sale of the Montreal production plant. Improved financial structure and proposed dividend of €0.70/share As of December 31, 2020, equity totaled €364 million. Free cash flow further improved to €39.9 million, bringing the Group’s net financial debt to €256.6 million compared with €296.5 million at the end of 2019, resulting in a net debt/EBITDA ratio of 2.55 at the end of 2020 compared with 2.66 at the end of 2019 (including IFRS16). The Board of Directors will propose a dividend of €0.70 per share to the shareholders at the General Meeting on May 28, 2021. 2021: Continued transformation and momentum for the Group Although the future of the health situation remains uncertain, the Group remains confident that it will find its way back to growth in 2021. After an expected declining first quarter, Guerbet anticipates revenue growth for 2021 starting in the second quarter. The Group will be able to count on: The continued robust performance of Lipiodol®The growth of delivery systems and consumablesThe growth of sales in the APAC region In the coming months, the Group’s activity is also expected to be affected by the acceleration of sales of the generic form of Dotarem® in the United States. However, the Group believes that the impact will be limited with movements in Dotarem® volumes and prices expected to be comparable with Europe, where the generic form has already been available for more than three years. The Group also announced positive results for the two phase-III clinical studies with Gadopiclenol, a new gadolinium-based (Gd) macrocyclic contrast agent for MRI, intended to be administered at a lower dose of Gd than with existing agents. The Group aims to obtain the first marketing authorizations (MA) in 2023. As a reminder, the phase III studies are intended to validate the efficacy and safety of Gadopiclenol in a large number of patients compared with a reference product. Alongside its sales growth, Guerbet will continue its savings plan efforts, sustaining 50% of the cost reductions achieved in 2020, with the ambition of improving its EBITDA rate in the medium term and ensuring strong, lasting growth for the Group. (1) At constant exchange rates: amounts and rates of growth are calculated by canceling out the exchange rate effect, which is defined as the difference between the indicator's value for period N, converted at the exchange rate for period N-1, and the indicator's value for period N-1. (2) EBITDA: Operating income + net amortization, depreciation, and provisions. Upcoming events: Reporting of Q1 2021 revenue April 22, 2021, after trading About Guerbet Guerbet is a leader in medical imaging worldwide, offering a comprehensive range of pharmaceutical products, medical devices, and digital and AI solutions for diagnostic and interventional imaging to improve patient diagnosis and treatment. A pioneer in contrast media for 95 years, with more than 2,600 employees worldwide, Guerbet continuously innovates and devotes 10% of its sales to research and development in four centers in France, Israel, and the United States. Guerbet (GBT) is listed on Euronext Paris (segment B – mid caps) and generated €712 million in revenue in 2020. For more information about Guerbet, please visit www.guerbet.com. Forward-looking statements Certain information contained in this press release does not reflect historical data but constitutes forward-looking statements. These forward-looking statements are based on estimates, forecasts, and assumptions, including but not limited to assumptions about the current and future strategy of the Group and the economic environment in which the Group operates. They involve known and unknown risks, uncertainties, and other factors that may result in a significant difference between the Group's actual performance and results and those presented explicitly or implicitly by these forward-looking statements. These forward-looking statements are valid only as of the date of this press release, and the Group expressly disclaims any obligation or commitment to publish an update or revision of the forward-looking statements contained in this press release to reflect changes in their underlying assumptions, events, conditions, or circumstances. The forward-looking statements contained in this press release are for illustrative purposes only. Forward-looking statements and information are not guarantees of future performance and are subject to risks and uncertainties that are difficult to predict and are generally beyond the Group's control. These risks and uncertainties include but are not limited to the uncertainties inherent in research and development, future clinical data and analyses (including after a marketing authorization is granted), decisions by regulatory authorities (such as the US Food and Drug Administration or the European Medicines Agency) regarding whether and when to approve any application for a drug, process, or biological product filed for any such product candidates, as well as their decisions regarding labeling and other factors that may affect the availability or commercial potential of such product candidates. A detailed description of the risks and uncertainties related to the Group's activities can be found in Chapter 4.8 "Management and risk factors" of the Group's Universal Registration Document filed with the AMF (French financial markets authority) under number D-20-0369 on April 28, 2020, available on the Group's website (www.guerbet.com). For more information about Guerbet, please visit www.guerbet.com Contacts GuerbetActifin Jérôme Estampes Chief Financial Officer 01 45 91 50 00 Financial Communications Benjamin Lehari 01 56 88 11 25 blehari@actifin.fr Press Jennifer Jullia 01 56 88 11 19 jjullia@actifin.fr Attachment CP_RA2020_24 mars 2021_EN_VFinale