Grifols Says At End June 2024, Considering SRAAS Proceeds, Leverage Ratio Is Expected To Reach 5.4x Vs. 6.8x In March 2024; FCF In Q2 2024 Expected To Be Positive, Contributing To Reach €5 Million FY24 Guidance, Which Includes €480 Million Of Extraordinary Items; By End June, Liquidity Will Stand At More Than €2.4 Billion Including SRAAS Proceeds; Is Completely Separate Entity From Scranton, And None Of Scranton's Liabilities Are Consolidated At Co's Group
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Grifols expects its leverage ratio to decrease to 5.4x by the end of June 2024, down from 6.8x in March 2024, due to SRAAS proceeds. The company anticipates positive free cash flow in Q2 2024, contributing to its FY24 guidance of €5 million, which includes €480 million of extraordinary items. By the end of June, liquidity is expected to exceed €2.4 billion, including SRAAS proceeds. Grifols is a completely separate entity from Scranton, with none of Scranton's liabilities consolidated in the company's group.
June 27, 2024 | 4:37 pm
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Grifols expects a significant improvement in its leverage ratio and positive free cash flow in Q2 2024, which should positively impact its stock price. The company's liquidity is also expected to exceed €2.4 billion by the end of June 2024.
The expected reduction in leverage ratio and positive free cash flow are strong indicators of financial health, likely boosting investor confidence. Additionally, high liquidity further strengthens the company's financial position.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100