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益普生Ipsen(IPN)2025财年年度财报「巴黎泛欧证券交易所」(英文版)(36页).pdf

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1、FY 2025 results12 February 20262This presentation includes only summary information and does not purport to be comprehensive.Forward-looking statements,targets and estimates contained herein are forillustrative purposes only and are based on managements current views and assumptions.Such statements

2、involve known and unknown risks and uncertainties that maycause actual results,performance or events to differ materially from those anticipated in the summary information.Actual results may depart significantly from these targetsgiven the occurrence of certain risks and uncertainties,notably given

3、that a new medicine can appear to be promising at a preparatory stage of development or after clinicaltrials but never be launched on the market or be launched on the market but fail to sell notably for regulatory or competitive reasons.Ipsen must deal with or may have todeal with competition from g

4、eneric medicines that may result in market-share losses,which could affect its level of growth in sales or profitability.The Company expresslydisclaims any obligation or undertaking to update or revise any forward-looking statements,targets or estimates contained in this presentation to reflect any

5、change inevents,conditions,assumptions or circumstances on which any such statements are based,unless so required by applicable law.All medicine names listed in this document are either licensed to Ipsen or are registered trademarks of Ipsen or its partners.The implementation of the strategy has to

6、be submitted to the relevant staff representation authorities in each country concerned,in compliance with the specificprocedures,terms and conditions set forth by each national legislation.In those countries in which public or private-health cover is provided,Ipsen is dependent on prices set for me

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1. **2025业绩表现**:总销售额36.76亿欧元(+10.9%),核心运营利润13亿欧元(+16.7%),自由现金流10亿欧元(+29.2%)。 2. **业务亮点**: - 肿瘤业务销售额25.45亿欧元(+4.1%),罕见病业务3.84亿欧元(+102.5%),神经科学业务7.47亿欧元(+9.7%)。 - 核心运营利润率35.2%(提升2.6个百分点)。 3. **2026目标**:总销售额增长>13.0%(剔除Somatuline®后加速),核心运营利润率>35.0%。 4. **研发进展**: - 2026年关键里程碑包括5项重大监管/临床读出(如Tovorafenib EMA提交、IPN10200美学概念数据)。 - 管线聚焦肿瘤、罕见病、神经科学三大领域,新增ADC和T细胞激活剂等新模态。 5. **风险提示**:面临仿制药竞争、汇率波动、政策调整等风险,可能影响财务目标实现。
**2026增长动力?** **研发管线亮点?** **风险如何应对?**
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