Grifols, S.A. (GRFS) Q1 2025 Earnings Conference Call Transcript


Grifols, S.A. (NASDAQ:GRFS) Q1 2025 Earnings Conference Call May 12, 2025 12:30 PM ET

Company Participants

Danny Segarra – VP, IR and Sustainability

Nacho Abia – CEO

Rahul Srinivasan – CFO

Roland Wandeler – President Biopharma

Conference Call Participants

Charles Pitman – Barclays

Alvaro Lenze – Alantra Equities

Jaime Escribano – Banco Santander

Guilherme Sampaio – CaixaBank

Danny Segarra

Hello, everyone. My name is Danny Segarra, and myself as the Head of Investor Relations and Sustained and Vice President, Grifols. Welcome to our review of the company’s Business Results for the First Quarter of 2025. Today, I’m joined by Grifols Executive Chief Executive Officer, Nacho Abia; Chief Financial Officer, Rahul Srinivasan; and the President of Biopharma, Roland Wandeler.

A few logistics before we get into details. Today’s call will last about an hour, including a Q&A session. As a reminder, this call is being recorded. You can find additional materials, including today’s presentation in the Investor Relations section of the Grifols website at grifols.com. The transcript and a replay of the webcast will also be available on the Investor Relations website within 24 hours.

Turning to Slide 2. Please note that this presentation includes forward-looking statements regarding, among other things, the company’s future operating and financial performance, market position and business strategy. These statements are based on current expectations and available information as of the date of this recording and they are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected.

All financial statements are prepared in accordance with EU IFRS and other applicable reporting provisions including alternative performance measures or APMs, prepared under the group’s financial reporting model as defined by the European Securities and Markets Authority.

Please note that Grifols management uses APMs to evaluate financial performance, cash flow and overall



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