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Guerbet (GBT) investor relations material
Guerbet Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 TU earnings summary23 Oct, 2025
Executive summary
Nine-month revenue reached €586.5 million, down 2.8% at constant exchange rates (CER) and like-for-like, mainly due to lower activity in France.
Q3 2025 saw a return to growth with revenue up 2.6% at CER and like-for-like, driven by Elucirem™ and LipiodolⓇ sales.
Sequential improvement throughout the year: Q1 down 7.1%, Q2 down 3.9%, Q3 up 2.6% at CER and like-for-like.
Financial highlights
Total sales for the first nine months: €586.5 million, a decrease of 5.5% reported and 3.1% at CER, with a €14.6 million negative FX impact.
EMEA revenue: €255.8 million, down 2.3% at CER and like-for-like; Q3 up 10.2% at CER and like-for-like.
Americas revenue: €176.5 million, down 2.2% at CER and like-for-like; Q3 down 5.7% at CER and like-for-like.
Asia revenue: €152.4 million, down 4.3% at CER and like-for-like; Q3 up 1.5% at CER and like-for-like.
Outlook and guidance
Acceleration in Q4 2025 expected, supported by Elucirem™ ramp-up, LipiodolⓇ momentum, and indirect sales growth.
2025 guidance confirmed: slight revenue decline at CER and like-for-like (~-1%), restated EBITDA margin between 12-13%, and slightly negative free cash flow.
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Frequently asked questions
Guerbet SA is a France-based healthcare company specializing in the development, manufacture, and distribution of diagnostic imaging products, particularly contrast agents used in medical imaging. Guerbet offers a comprehensive range of imaging solutions for Computed Tomography (CT)/Cath Lab examinations, Magnetic Resonance Imaging (MRI), and interventional imaging. Their product lineup includes iodinated active ingredients for CT/Cath Lab contrast agents and gadolinium complexes for MRI. The company is headquartered in Villepinte, France, and its shares are listed on the Euronext Paris.
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