Latest news with #IPSEF
Saudi Gazette
14 hours ago
- Business
- Saudi Gazette
Saudi Deputy Minister highlights UK investment potential in education at IPSEF London 2025
LONDON — Eng. Abdulrahman Al-Hajri, Deputy Minister of Education for Saudi Arabia, showcased the Kingdom's robust education investment opportunities during his participation at the International and Private Schools Education Forum (IPSEF) in London on Wednesday, underscoring the deepening Saudi-UK educational partnership. In his keynote speech, Al-Hajri emphasized the Kingdom's ambitious Vision 2030 goals, detailing the regulatory reforms and government support mechanisms designed to attract foreign investment and strengthen private sector participation in Saudi Arabia's education landscape. He specifically invited British and international education providers to establish and operate schools in the Kingdom through Public-Private Partnerships (PPP) and land allocation schemes. 'We are seeing growing momentum from UK-based education institutions and school operators eager to expand into the Saudi market,' Al-Hajri stated. 'Our education transformation is backed by regulatory reform, strong demand, and government commitment—creating a fertile environment for global investors and partners.' On the sidelines of the event, Al-Hajri held a series of bilateral meetings with leading UK school groups and educational institutions to explore models for operating in the Kingdom, including licensing, investor facilitation, and regulatory navigation. Saudi Arabia, home to a population where over 60% are under the age of 30, is witnessing rising demand for quality education options particularly in underserved regions. The government aims to raise the private sector's contribution to education from 16% to 25% by 2030. This objective is driving the development of a comprehensive ecosystem that includes streamlined procedures, dedicated support services, and designated land for international education projects. The Ministry's participation at IPSEF London 2025 reaffirms Saudi Arabia's long-standing educational ties with the UK. British curricula remain among the most popular offerings within the Kingdom's growing private education sector, especially across K-12 and international school segments. The Deputy Minister noted that the government is committed to building an attractive, transparent, and investor-friendly environment. The Ministry continues to publish detailed investor guides, implement regulatory clarity measures, and offer a proactive approach to supporting new educational entrants into the Saudi market. — SG
Yahoo
14-02-2025
- Business
- Yahoo
Ipsen SA (IPSEF) Full Year 2024 Earnings Call Highlights: Strong Sales Growth and Strategic ...
Total Sales Growth: 9.9% at constant exchange rates, exceeding EUR3.4 billion. Core Operating Margin: 32.6%. Core Operating Income: EUR1.1 billion, a growth of 10.8%. Free Cash Flow: EUR774 million, an increase of 8.9%. Revenue from Ex-Somatuline Portfolio: Grew by 12.2%. Cabometyx Sales: Increased by 13.3% for the full year. ONIVYDE Sales: Grew 23.7% for the full year. Fidrisertib Sales: Rose by 24%. Dysport Sales Growth: 9.2% for the full year. Bylvay Sales: EUR136 million. IQIRVO Sales: EUR22 million. R&D Costs: Increased by 10.9%, exceeding 20% of sales. SG&A Costs: Increased by 3.3%, with a ratio to sales at 34.4%. Net Cash Position: EUR160 million at the end of December. Dividend Increase: From EUR1.2 to EUR1.4 per share. Warning! GuruFocus has detected 4 Warning Signs with IPSEF. Release Date: February 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ipsen SA (IPSEF) reported a 9.9% increase in total sales for 2024, driven by strong performance in their ex-somatuline portfolio. The company achieved a core operating margin of 32.6%, reflecting efficient cost management and strong sales performance. Ipsen SA (IPSEF) received a positive FDA decision for ONIVYDE in first-line pancreatic ductal adenocarcinoma, with subsequent approvals in the US and EU. The company anticipates significant pipeline milestones in 2025, including potential approvals for Cabometyx in neuroendocrine tumors and Tovorafenib in Europe. Ipsen SA (IPSEF) has a strong balance sheet with no debt and EUR 2.3 billion available for external innovation, indicating financial stability and capacity for growth. Ipsen SA (IPSEF) faces increased competition and pricing pressure for Cabometyx in Europe and China, impacting sales growth. The company recognized an impairment loss of EUR 281 million related to Sohonos due to lower-than-anticipated patient uptake. Somatuline is expected to face accelerated erosion due to increased generic competition, impacting profitability. The aesthetics market in the US is experiencing some softening, which could affect future growth prospects for Dysport. Ipsen SA (IPSEF) anticipates a contraction in core operating profit margin in 2025 due to increased R&D expenses and competitive pressures. Q: Could you provide more details on the expected erosion pattern for Somatuline in 2025 and the current state of generic competition in Europe and the US? A: David Loew, CEO: The erosion pattern for Somatuline is expected to accelerate compared to historical levels due to anticipated market entry by additional generics, likely around mid-year. In Europe and the US, we have seen significant shortages from existing generics, but we expect increased competition and accelerated erosion moving forward. Q: Can you explain the drivers behind the expected margin contraction in 2025 and how it will phase between H1 and H2? A: Aymeric le Chatelier, CFO: The margin contraction is primarily due to increased erosion from Somatuline and continued investment in R&D and SG&A to support ongoing and future launches. H1 margins will be higher due to lower costs and less impact from generics, while H2 will see more erosion and investment, leading to lower margins. Q: How is the launch of IQIRVO progressing, and what are the competitive dynamics in the market? A: David Loew, CEO: The IQIRVO launch is progressing well, with most patients being de novo second-line. We are seeing good feedback from prescribers despite competition from Gilead. We have increased our field force and presented new data on fatigue, which affects 80% of PBC patients. Q: What is the current market share for ONIVYDE in first-line pancreatic cancer, and what is the potential for growth in the community setting? A: David Loew, CEO: ONIVYDE is used by 32% of large academic centers, with growth primarily from the first-line setting. The patient flow is about 50-50 between academic and community settings, indicating significant potential for growth in community practices. Q: What are your expectations for the growth trajectory of IQIRVO in 2025, and how does it compare to Gilead's product? A: David Loew, CEO: We anticipate market expansion and are sticking to our peak sales guidance for IQIRVO. While we can't comment on Gilead's trajectory, we are pleased with our current uptake and expect continued growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
