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    Harry Shrives

    Vice President and Equity Research Analyst at Citigroup Inc.

    Harry Shrives is a Vice President and Equity Research Analyst at Citigroup Inc., specializing in UK and European retail and e-commerce stocks. He currently covers companies such as ASOS, Boohoo Group, JD Sports, Zalando, and Ocado, where his analytical insights have contributed to strong model portfolio returns and have been recognized for market relevance. Shrives began his career at Goldman Sachs as an Equity Research Analyst before joining Citi in 2018 and has rapidly advanced in coverage and responsibility. He holds FCA and FINRA registrations, is certified with relevant securities licenses, and is recognized in industry surveys for his rigorous sector knowledge and actionable, data-driven research.

    Harry Shrives's questions to ALCON (ALC) leadership

    Harry Shrives's questions to ALCON (ALC) leadership • Q4 2024

    Question

    Harry Shrives asked how long competitive sampling in the U.S. AT-IOL market might last and requested a breakdown of the 2025 operating margin guidance.

    Answer

    CEO David Endicott stated that competitive trialing was expected and will likely continue through 2025 as new products launch, but he believes the market will stabilize as surgeons transition from free samples to purchasing. He expressed confidence in PanOptix Pro's differentiated profile. CFO Tim Stonesifer reiterated that margin expansion will be back-half loaded due to launch investments and did not provide a specific gross margin vs. OpEx breakdown.

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