Galderma Reports Strong First-Quarter Growth, Shares Climb on Positive Outlook
THE WHAT? Swiss skincare giant Galderma has announced a robust first-quarter net sales figure of US$1.071 billion, marking a 12.4% increase year-on-year. This positive financial update is the company’s first since its recent debut on the Swiss stock exchange.
THE DETAILS Following the announcement, Galderma’s shares surged over 3%, reflecting investor confidence in the company’s growth trajectory. Although gains later moderated, the strong sales performance underscores a promising start to the year.
THE WHY? CEO Flemming Ornskov highlighted the broad-based nature of this growth, spanning across various regions and product portfolios, with particular strength noted in the Asia Pacific region, especially China.
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