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Stock impact report

Stevanato Group Delivers Double-Digit Revenue Growth in Fiscal Year 2023 [Yahoo! Finance]

Stevanato Group S.p.A. Ordinary Shares (STVN) 
Company Research Source: Yahoo! Finance
provider of drug containment, drug delivery, and diagnostic solutions to the pharmaceutical, biotechnology, and life sciences industries, today announced its financial results for the fourth quarter and full year 2023. Fourth Quarter and FY 2023 Highlights (compared with the same period last year) Revenue for the fourth quarter of 2023 increased 10% to €320.6 million, and high-value solutions represented 37% of total revenue. For the fourth quarter, diluted earnings per share were €0.17 and adjusted diluted earnings per share were €0.18. Adjusted EBITDA margin for the fourth quarter was 27%. For fiscal year 2023, revenue increased 10% to €1,085.4 million, and high-value solutions represented 34% of total revenue. For fiscal year 2023, diluted earnings per share were €0.55 and adjusted diluted earnings per share were €0.58. Adjusted EBITDA margin for fiscal year 2023 was 26.9%. The Company is establishing fiscal year 2024 guidance and expects revenue in the range of €1, Show less Read more
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