)

Guerbet (GBT) investor relations material
Guerbet H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue for H1 2025 was €387.8M, down 7.5% year-over-year, mainly due to lower sales in France following supply reform and a tough comparison base.
EBITDA margin declined to 11.9% from 14.6% in H1 2024, with restated margin at 12.9% from 15.4%, impacted by price pressures and operational challenges.
Net income was €1.3M, significantly lower than €10M a year earlier, reflecting lower sales and price pressures.
Free cash flow remained negative at -€8.4M but improved from -€29.1M in H1 2024, mainly due to better working capital management.
Management revised 2025 guidance downward, now expecting a slight revenue decline (~-1%), EBITDA margin of 12–13%, and slightly negative free cash flow.
Financial highlights
Revenue fell 7.5% year-over-year to €387.8M; at constant currency, the decline was 5.6%.
EBITDA was €46.1M (11.9% margin), down from €61.0M (14.6%) in H1 2024.
Operating income dropped to €15.0M (3.9% margin) from €30.3M (7.2%).
Net income was €1.3M (0.3% margin), compared to €10.0M (2.4%) in H1 2024.
Net debt decreased to €353.3M from €364.9M a year earlier, with gearing stable at 0.94.
Outlook and guidance
2025 revenue expected to decline by ~1% at constant currency and scope, versus previous guidance of 3–5% growth.
Adjusted/restated EBITDA margin now targeted at 12–13%, down from >15% previously.
Free cash flow expected to be slightly negative for the year.
Management is focused on restoring sales in core businesses, accelerating interventional imaging, strict margin and cost management, and cash generation.
Next Guerbet earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage