Guerbet (GBT) Q1 2026 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2026 TU earnings summary
23 Apr, 2026Executive summary
Q1 2026 revenue reached €177.4m, up 2.6% at constant exchange rates (CER) and like-for-like, but down 1.5% on a reported basis due to negative FX impacts, mainly from the US dollar and Asian currencies.
Growth was driven by EMEA (+4.5% at CER) and Asia (+6.0% at CER), while the Americas declined due to ongoing issues at the Raleigh site.
The company continues to implement its transformation and remediation plans, including a redundancy plan in France.
Financial highlights
EMEA revenue rose to €84.1m (+4.5% at CER), supported by improved activity in France.
Americas revenue fell to €48.9m (-3.0% at CER), reflecting lower volumes from the Raleigh site.
Asia revenue increased to €42.9m (+6.0% at CER), driven by higher volumes in Japan, South Korea, and Taiwan.
Diagnostic Imaging revenue was €153.7m (+1.9% at CER); MRI grew 4.4% at CER, X-ray up 0.4% at CER, and Interventional Radiology up 7.8% at CER.
Outlook and guidance
Full normalization of Raleigh site batch release rates is expected by year-end 2026.
2026 financial targets will be communicated by 23 July 2026, coinciding with H1 results.
The transformation plan aims to restore profitability, with full effects expected in 2027.
Latest events from Guerbet
- Net loss of €112.7 million driven by impairment, with 2026 outlook negatively impacted by Raleigh site.GBT
H2 202511 Mar 2026 - 2025 revenue fell 3.5% at CER, but EBITDA margin and cash flow outlooks remain positive.GBT
Q4 2025 TU5 Feb 2026 - Q3 2025 marked a return to growth, led by Elucirem™ and LipiodolⓇ momentum.GBT
Q3 2025 TU23 Oct 2025 - Revenue and profit declined in H1 2025, leading to lower guidance and cost focus.GBT
H1 202525 Sep 2025 - H1 revenue fell 5.4% at CER, but double-digit growth is expected in H2 as France recovers.GBT
Q2 2025 TU24 Jul 2025 - Strong H1 2024 growth and profitability led to raised guidance and improved financial metrics.GBT
H1 202413 Jun 2025 - Revenue up 8.1% to €620.5m, driven by Americas and Asia, with 2024 growth above 9% expected.GBT
Q3 2024 TU13 Jun 2025 - H1 2024 revenue up 11.8% at CER, with 2024 growth and margin guidance reaffirmed.GBT
Q2 2024 TU13 Jun 2025 - Q1 2025 revenue declined 7.3%, but annual growth and margin targets remain on track.GBT
Q1 2025 TU6 Jun 2025