The Barcelona-based group reported a net profit of 105.9 million euros (88.5 million pounds) for full year 2019 versus 77.7 million euros (65 million pounds) a year ago. Its revenue was 855.3 million euros versus 756.9 million the year before.

Almirall said its net sales would grow in low to mid single-digit terms in 2020, but the company lowered its EBIDTA forecast for this year in expectation of a potential hit from government measures in Spain.

The company reported a 2019 EBITDA of 304.2 million euros versus 209.5 million the year before. For 2020 it forecasts it to be between 260 and 280 million euros.

(Reporting by Joan Faus; Editing by Nathan Allen and Louise Heavens)