ators, the fourth quarter is expected to be impacted by phasing effects, with the full-year net sales growth expected to be in the low ‘teens’ at constant currency (‘teens’ defined as numbers greater than 10% and lower than 20%). In Fillers & Biostimulators, expectations for the fourth quarter are to maintain the recent growth momentum based on the strong trajectory of Sculptra and from new launches. Dermatological Skincare is expected to accelerate its growth momentum to reach high-single digit growth at constant currency for the full year.

The updated Core EBITDA margin guidance reflects reinvestments into growth for the Group and to support Nemluvio’s strong ramp-up. It also fully factors in the exposure to all U.S. tariffs that are currently in effect. Any further tariff announcements will be reviewed as to their potential impact during the remainder of the year, if any.

Webcast details

Galderma will host a trading upd
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