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Guerbet (GBT) investor relations material
Guerbet Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Full-year 2025 revenue was €786.4 million, down 3.5% at constant exchange rates (CER) and on a like-for-like basis, mainly due to a decline in France and issues at the Raleigh site in the US.
Q4 2025 revenue declined 5.6% at CER and on a like-for-like basis, impacted by delayed batch releases at Raleigh.
Currency depreciation, especially of the US dollar, Brazilian real, and Asian currencies, negatively affected reported revenue.
Financial highlights
Revenue fell 6.5% year-over-year to €786.4 million; at CER, the decline was 3.8%.
EMEA sales dropped 2.5% at CER, Americas by 3.8%, and Asia by 4.8% at CER and on a like-for-like basis.
Diagnostic Imaging revenue decreased 5.3% at CER; Interventional Imaging grew 9.7% at CER.
MRI sales declined 1.9% at CER, while X-ray sales fell 7.2% at CER.
Outlook and guidance
Restated EBITDA margin for 2025 is confirmed between 10.5% and 12%.
Free cash flow for 2025 is now expected to be positive, revised upward from a previous range of -€5 million to €15 million.
The Raleigh site situation is expected to impact revenue, profitability, and cash generation in 2026.
An initial estimate of the 2026 impact will be provided with the full-year 2025 results in March.
- TimeTickerHeadlineOpen
- 6 FebJ
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Net loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway.
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