The company said its net profit fell 4% in the quarter to €7.4 million ($7.97 million) due to higher costs, while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 1.4% to €52.5 million.
Almirall said it is on track to achieve its full-year 2024 target of EBITDA of between €175 million and €190 million, up from €174 million in 2023, and single-digit net sales growth. It added that it is looking for "new inorganic growth opportunities."
(US$1 = €0.9282)
(Reporting by Matteo Allievi, editing by Inti Landauro and Louise Heavens; Spanish editing by Mireia Merino)