Spanish regulators find no major errors in Grifols accounting: report [Seeking Alpha]
GRIFOLS SA S/ADR (GIKLY)
NASDAQ:AMEX Investor Relations:
grifols.com/en/web/international/investor-relations/home-page
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Source: Seeking Alpha
CNMV, the watchdog agency that overseas Spain's securities markets, said that its investigation into the matter found “no evidence that the financial debt reported by Grifols does not correspond to reality,” Reuters reported Thursday. The agency did state, however, that it had identified “deficiencies in the detail and accuracy of breakdowns and explanatory notes in some years,” Reuters said, quoting the CNMV. Despite the deficiencies, Grifols will not be required to restate its accounts for 2021 and 2022, Reuters added. Grifols has been under a microscope in recent weeks following a negative report in January by short-seller Gotham City Research that questioned the company's accounting , particularly its debt and EBIDTA figures. Grifols pushed back on the Gotham report soon after it was released, asserting that it contained “false information” and “speculation." Shares of the Spanish drugmaker have tumbled 39% since the report was released on Jan. 9, although the stock did
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News
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