Grifols Targets 7% Sales Growth Next Year, Expansion Reports

Grifols SA (GRF) aims to increase its sales by 7 percent in 2012 and boost earnings before interest, tax, depreciation and amortization to more than 700 million euros ($937 million), Expansion said, citing Chairman Victor Grifols.

The company, which already gets about 65 percent of revenue from the U.S. and Canada, will cut its debt by 400 million euros in 2012 and will focus on generating cash, the newspaper cited Grifols as saying at a shareholders’ meeting in Barcelona.

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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