Company: GIFLF
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001104659-25-034245
Chunk: 161

Company: Grifols SA
Filing Date: 2025-04-11
Form: 20-F
Item: Item 5
Chunk 161
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 and compounding pharmacy services.
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104

The following table reflects a summary of net revenue by each of our geographic regions for 2024 as compared to 2023:

               ​                   ​        ​          ​          ​         ​          ​          ​          ​         ​       ​      ​          ​        ​
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​                                        Year ended          ​                      Year ended          ​                    ​              ​              
​                                  ​   December 31,   ​      % of total    ​      December 31,   ​      % of total    ​      ​       ​      ​             ​
Summary of Net Revenue by Region   ​           2024   ​      net revenue   ​              2023   ​      net revenue   ​      % var   ​      % var CC(1)   ​
​                                  ​                                                                    (in thousands of euros, except for percentages)    
European Union(2)                  ​      1,541,338   ​      21.4          %         1,255,927   ​      19.1          %      22.7    %      22.7          %
United States and Canada                  4,087,030   56.7                 %         3,898,961   59.1                 %      4.8     %      5.6           %
Rest of the World                         1,584,014   22.0                 %         1,437,089   21.8                 %      12.2    %      10.2          %
Total                                     7,212,382   100.0                %         6,591,977   100.0                %      9.4     %      10.3          %

(1)   Net revenue variance in constant currency is determined by comparing adjusted current period net revenue, calculated using prior period monthly average exchange rates, to the prior period net revenue. See “Presentation of Financial and Other Information—Constant Currency.”
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(2)   Net revenue earned in the European Union includes net revenue earned in Spain.
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Net revenue in the United States and Canada increased by 4.8% (5.6% at constant currency) from €3.9 billion in 2023 to €4.1 billion in 2024. This 4.8% increase was mainly due to the continued underlying demand in the U.S. market. Meanwhile,