Company: GIFLF
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001104659-25-034245
Chunk: 4

Company: Grifols SA
Filing Date: 2025-04-11
Form: 20-F
Item: Item 3
Chunk 4
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 derivative products depends on a plasma supply free of transmittable diseases;
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●   Ineffective IT governance poses significant risks in today’s data-driven world, including data breaches, regulatory non-compliance, operational inefficiencies, financial losses and hindered innovation;
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●   Our future success depends on our ability to retain members of our senior management and to attract, retain and motivate qualified personnel;
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●   Our business requires substantial capital to operate and grow and to achieve our strategy of realizing increased operating leverage, including the completion of several large capital projects;
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●   We may not be able to develop some of our international operations successfully;
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●   Uncertainties regarding the general regulatory and legal environment, particularly in China, could adversely affect our business;
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●   We are susceptible to interest rate variations;
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●   Our results of operations and financial condition may be affected by adverse changes in foreign currency exchange rates, especially a significant shift in the value of the euro as compared to the U.S. dollar;
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●   If our main facilities were to suffer a crippling accident, or if a force majeure event materially affected our ability to operate and produce saleable products, a substantial part of our manufacturing capacity could be shut down for an extended period;
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●   If we experience equipment difficulties or if the suppliers of our equipment or disposable goods fail to deliver key product components or supplies in a timely manner, our manufacturing ability would be impaired and our product sales could suffer;
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●   If our shipping or distribution channels were to become inaccessible due to a crippling accident, a pandemic, an act of terrorism, a strike, earthquake, major fire or storm, or any other force majeure event, our supply, production and distribution processes could be disrupted;
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●   We rely in large part on the services of third parties for the sale, distribution and delivery of our products;
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3

●   We rely on the services of third parties for the manufacture of certain products;
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●   We may not be able to commercialize products in development;
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●   Complex and evolving U.S. and international laws and regulations regarding privacy and data security and increased risk of cybersecurity incidents to our information technology systems could result in increased costs of operations and a significant disruption to our business;
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●   Cyber-attacks or other privacy and data security incidents (for example