Galderma CEO sees limited impact from Middle East conflict

CEO Flemming Ornskov says the region accounts for less than 2% of revenue. The Swiss firm reported 17.7% sales growth and remains focused on expansion.

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GALDERMA GROUP AG does not anticipate a significant disruption to its operations resulting from current Middle East turmoil, according to Chief Executive Flemming Ornskov. The Switzerland-based skincare giant maintains that the region accounts for a relatively small portion of its total revenue, limiting the immediate financial risk.

A display of Cetaphil, Alastin, and Restylane skincare brands at the Galderma corporate offices located in Lausanne, Switzerland, as seen in March 2024. Photo by Denis Balibouse for Reuters.
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