Almirall, S.A./€ALM

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About Almirall, S.A.

Almirall, S.A. is a pharmaceutical company headquartered in Barcelona, Spain. It specializes in the development and commercialization of proprietary medicines, with a focus on dermatology and other specialist-driven therapeutic areas. Almirall's notable products target conditions such as psoriasis, atopic dermatitis, and actinic keratosis. Founded in 1943, the company has expanded its geographical footprint across Europe and North America through strategic acquisitions and partnerships. Almirall emphasizes research and development, maintaining a pipeline of innovative treatments aimed at unmet medical needs. Its strategic positioning is reinforced by collaborations with healthcare professionals and institutions to enhance patient care.

Ticker

€ALM
Sector

Primary listing

BME

Employees

2,084

Almirall, S.A. Metrics

BasicAdvanced
€2.4B
110.98
€0.10
0.34
€0.15
1.34%

Bulls say / Bears say

Almirall started 2025 strong: Q1 net sales rose 15% to €285 million, EBITDA climbed 35% to €71 million, and net income jumped 192% to €21.6 million—all outperforming expectations and improving the balance sheet by reducing net debt (Investing.com).
The company’s biologics remain on track: Ilumetri® sales were up 12.7% to €55.1 million, while Ebglyss® sales more than quadrupled to €19 million in Q1. Ebglyss is now available in 13 European markets with plans for further expansion this year (Investing.com).
Almirall reaffirmed its full-year 2025 targets for 10–13% net sales growth and €220–240 million EBITDA, showing management’s confidence in its sustainable growth outlook (Investing.com).
Almirall’s revenues are heavily concentrated in Europe, with over 91% of net sales coming from this region while the US and RoW each contribute less than 5%, leaving the company vulnerable to region-specific regulatory and reimbursement challenges (Investing.com).
Key pipeline assets—including the anti-IL-1RAP monoclonal antibody (ALM27134) and the IL-2muFc candidate—are still in Phase I, with no late-stage candidates likely before 2026. This heightens clinical and regulatory execution risks (BusinessWire).
Despite growth for Ilumetri®, its market share and pricing could face downward pressure as competition in the IL-23 class increases. The company itself noted “growing competition” in the psoriasis market, even though the drug posted strong Q1 sales (BioSpace).
Data summarised monthly by Lightyear AI. Last updated on 5 Sept 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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