Ipsen S.A. Non-GAAP EPS of €9.15, revenue of €3.13B; initiates FY24 outlook

  • Ipsen press release (OTCPK:IPSEY): FY Non-GAAP EPS of €9.15.
  • Revenue of €3.13B (+3.6% Y/Y).
  • Ipsen ended the year with net cash of €65.1m, driven by solid free cash-flow generation of €710.9m.
  • Financial guidance for 2024 comprises total-sales growth greater than 6.0% at CER and a core operating margin around 30% of total sales, including the impact of four potential launches and an advancing pipeline.
  • The Company outlined the following mid-term financial outlook:

    • Total-sales average growth of at least 7% per year for the period 2023-2027 at constant exchange rates
    • A core operating margin in 2027 of at least 32% of total sales

Roy Walsh

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