Record Revenue and Growth in Q1 2025
Revenue in Q1 2025 reached EUR1.786 billion, a 7.4% increase on a constant currency basis. On a like-for-like basis, revenue increased by 10%.
Strong Adjusted EBITDA Performance
Adjusted EBITDA reached EUR400 million, an improvement of 14.2% at constant currency. Like-for-like, it grew by close to 22%.
Impressive Growth in Immunoglobulin Franchise
The immunoglobulin franchise achieved 17.5% growth in revenue at constant currency and like-for-like, with subcutaneous IG growing an impressive 91% at constant currency.
Improvement in Free Cash Flow
Free cash flow for the quarter was negative EUR44 million, but there was a year-on-year improvement of more than EUR200 million.
Continued Deleveraging
Leverage improved slightly from 4.6 times to under 4.5 times, marking a priority for the company.