Strong Revenue Growth
Revenue in the third quarter totaled nearly EUR 1.8 billion, representing a 12.4% increase on a constant currency basis over the previous year, and year-to-date revenues reached EUR 5.2 billion, representing a 9.1% increase.
Significant EBITDA Improvement
Adjusted EBITDA for the quarter came in at EUR 462 million with a margin of nearly 26%, an improvement of 26.7% at constant currency from the previous year.
Successful Deleveraging
The company reduced its leverage ratio to 5.1x from 6.8x in the first quarter, showing strong momentum in deleveraging efforts.
Innovative Progress in Biopharma
The IG franchise showed double-digit growth with a remarkable 52% increase in subcutaneous IG year-to-date on a constant currency basis.
Strategic Contract Awarded
Grifols was awarded a U.S. BARDA contract worth up to $135 million over the next 6 years to develop a recombinant polyclonal antibody therapy.