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Visual31 Oct 2025
Three decades of Rolls-Royce
Galderma Group (GALD) investor relations material
Galderma Group Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 TU earnings summary23 Oct, 2025
Executive summary
Achieved record net sales of $3.737 billion for the first nine months of 2025, up 15% year-over-year at constant currency, with Q3 growth accelerating to 21% and driven by volume and favorable mix.
Growth was broad-based across all product categories and geographies, with standout performance from Nemluvio in the U.S. and strong innovation momentum.
Raised full-year 2025 guidance for net sales growth to 17%-17.7% and Core EBITDA margin to 23.1%-23.6% at constant currency.
Strong commercial execution and innovation, with significant contributions from Nemluvio, neuromodulators, and dermatological skincare.
Financial highlights
Net sales for the first nine months: $3.737 billion, up 15% year-over-year at constant currency.
Q3 net sales growth: 21% year-over-year at constant currency.
Injectable Aesthetics net sales: $1.871 billion, up 10.5%; Neuromodulators up 14.0%; Fillers & Biostimulators up 6.2%.
Dermatological Skincare: $1.063 billion, up 8.2%; Therapeutic Dermatology: $804 million, up 40.4%.
U.S. net sales grew 17.5% and international sales 13.2% year-over-year at constant currency.
Outlook and guidance
Full-year 2025 net sales growth guidance raised to 17%-17.7% (from 12%-14%).
Core EBITDA margin guidance increased to 23.1%-23.6% at constant currency (from ~23%).
Guidance reflects Nemluvio's ramp-up, strong Injectable Aesthetics trajectory, and expected high single-digit growth in Dermatological Skincare.
Effective tax rate expected at the lower end of the 23%-25% range.
U.S. tariffs and FX impacts are fully factored into guidance; further changes may impact results.
Nemluvio's market penetration strategy
Strategic benefits of US manufacturing investments
Neuromodulator phasing impact on Q4 outlook
Sculptra's GLP-1 patient strategy impact?
How U.S. manufacturing investment mitigates tariffs?
Nemluvio AD vs PN sales shift implications?
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Next Galderma Group earnings date
Q4 20256 Mar, 2026
Next Galderma Group earnings date
Q4 20256 Mar, 2026
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Frequently asked questions
Galderma Group AG, based in Zug, Switzerland, is a global dermatology company. It is committed exclusively to the field of dermatological care, encompassing a wide range of products and treatments across three main areas: Injectable Aesthetics, Dermatological Skincare, and Therapeutic Dermatology. Galderma's offerings include widely recognized brands and solutions aimed at enhancing skin health for consumers and patients, supported by robust research and development efforts. The company is headquartered in Zug, Switzerland, and its shares are listed on the SIX Swiss Exchange.
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