THE WHAT? Galderma has reported US$3.8 billion in net sales in FY22, up 13.9 percent on 2021 on a constant currency basis, delivering above its 2022 profitability guidance.
THE DETAILS Core earnings (EBITDA) were up 14.5 percent to US$791million.
Looking forward, Galderma expects to deliver between a 6 percent to 9 percent net sales growth on a constant currency basis.
Injectable Aesthetics and Dermatological Skincare saw year-on-year net sales growth of 22.3 percent and 30.7 percent respectively, on a constant currency basis, primarily driven by volume growth.
Geographically, the International region grew 20.2 percent year- on-year on a constant currency basis, with a particularly strong performance in fast growing markets such as in China, India, Brazil, Mexico, and the Philippines, with r’obust growth across all product categories.’
U.S. grew 6.8 percent year-on-year on a constant currency basis.
THE WHY? The sustained growth momentum was fuelled by the strong performance in Injectable Aesthetics and Dermatological Skincare, highlighting the continued consumer demand for science-based, premium products in dermatology.
Speaking to Reuters, CEO Flemming Ornskov stated the results come ahead of a possible initial public offering.
“Galderma is run like a public company and we are prepared for the next step,” he said.
Medical aesthetic products refer to a category of products used in the field of medical aesthetics, which combines medical practices with cosmetic procedures to improve the appearance of individuals. These products are typically used under the supervision of trained medical professionals such as dermatologists, plastic surgeons, or specialized nurses. They are distinct from over-the-counter cosmetics in that they often contain higher concentrations of active ingredients or require medical expertise for their application.
Examples of medical aesthetic products include:
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Dermal Fillers: Injectable substances used to restore volume, fill wrinkles, and enhance facial contours. These may include hyaluronic acid fillers like Juvederm or collagen-stimulating fillers like Sculptra.
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Botulinum Toxin (Botox): Injectable neurotoxins used to temporarily paralyze facial muscles, reducing the appearance of wrinkles and fine lines caused by facial expressions.
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Chemical Peels: Solutions containing chemical exfoliants like glycolic acid, salicylic acid, or trichloroacetic acid, used to improve skin texture, treat acne scars, and reduce hyperpigmentation.
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Laser and Light Devices: Equipment used for various skin treatments, including hair removal, skin resurfacing, tattoo removal, and treatment of vascular and pigmented lesions.
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Prescription Skincare Products: Formulations containing active ingredients such as retinoids (e.g., tretinoin), hydroquinone, or prescription-strength antioxidants, designed to address specific dermatological concerns under medical supervision.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production and improve skin texture and elasticity.
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Cosmeceuticals: High-quality skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing biologically active ingredients with proven efficacy.
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