He affirms that the company, which holds a shareholders meeting on June 14, has reinforced its “resistance and strength”
The executive president of Grifols, Thomas Glanzmann, has sent a letter to shareholders ahead of the meeting that will be held on June 14 in which he defends the company’s actions in the face of the “attack by the opportunistic fund Gotham City Research” and that , despite the circumstances that he considers “extraordinary”, affirms that the company has made “enormous” progress.
In his letter, to which Europa Press has had access, Glanzmann has indicated that from the beginning, the company adopted “firm and decisive” measures because, in his words, throughout its 115-year history, “it has always characterized by its integrity and ethical practices”.
“In no way were we going to accept false and unjustified accusations without defending ourselves,” writes Glanzmann, who assures that the company has been able to position itself for “profitable and sustainable” growth.
The president of Grifols assures that the company has started 2024 with “great momentum”, although what should have been a continuation of the transition plan and celebration of record income in 2023, was “overshadowed” by the Gotham attack that “enormously” affected the price of its shares.
Thus, it recalls the information sent to the Spanish regulator about the financial situation of Grifols, as well as the 14 meetings held by the board between January and May 2023, the constant contact with the auditors KPMG and Deloitte and the lawsuit filed before the District Court from United States.
DEBT REDUCTION AND CHANGES AT THE DOME
Before the Gotham report, according to the manager, Grifols had already taken measures to position the company for “profitable and sustainable” growth in the future. “We have taken important steps in reducing our debt and have successfully completed the private placement of €1 billion of senior secured bonds,” he says in the letter.
He also refers to the changes in the executive leadership – which will be reported along with all the actions mentioned in the letter at the shareholders meeting scheduled for June – and which has provided, he says, “considerable improvements.”
In this sense, he thanked “Raimon and Víctor, as well as Víctor Grifols Roura, for their significant contributions to the company over the years”, ensuring that the company will continue to benefit from having Raimon Grifols and Víctor Grifols Deu on the council.
“Grifols has made enormous progress over the last year and, in particular, during the first months of 2024, in a very difficult context. We know that we still have a lot to do and we are deeply committed to achieving it. This last year, with its difficulties, has only reinforced our resilience, strength and determination to generate value for our shareholders,” says Glanzmann.
