Csl Ltd ( (CSLLY) ) has released its Q2 earnings. Here is a breakdown of the information Csl Ltd presented to its investors.
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CSL Limited is a global biotechnology company headquartered in Australia, focusing on the development and delivery of innovative medicines, with a strong emphasis on immunoglobulin, haemophilia, and influenza vaccine products.
CSL Limited’s latest earnings report for the half-year ending December 2024 reveals a positive financial performance with a 5% increase in total revenue, reaching US$8.48 billion. Net profit after tax attributable to shareholders rose by 6% to US$2.01 billion, bolstered by a non-recurring gain on business disposals.
Key highlights include CSL Behring’s 10% revenue growth, driven by strong demand for immunoglobulin products and haemophilia therapies. However, CSL Seqirus faced a 9% decline in revenue due to low immunisation rates. The company also executed strategic advancements in plasma collection and saw successful launches in its nephrology segment by CSL Vifor.
Looking forward, CSL Limited anticipates revenue growth between 5-7% for FY25 and aims for a double-digit earnings increase over the medium term. The company is confident in its robust business fundamentals and strategic initiatives to drive future growth and maintain market leadership across its core product segments.
