Italy Based Stevanato Reports Mixed Q1 Earnings, Revises Annual Guidance On Temporary Destocking [Yahoo! Finance]
Stevanato Group S.p.A. Ordinary Shares (STVN)
Company Research
Source: Yahoo! Finance
Adjusted diluted earnings per share were 0.08 euros compared to the consensus of 0.11 euros. Adjusted EBITDA margin for the first quarter was 21.4%. Sales fell due to lower revenue attributable to glass vials in the Biopharmaceutical and Diagnostic Solutions Segment resulting from the ongoing destocking of excess vial inventories that customers accumulated during the pandemic and lower revenue from the Engineering Segment. Revenue from high-value solutions increased to 37% of total revenue in the first quarter of 2024, compared with 32% for the same period last year, driven by demand for syringes and cartridges. Lower revenue from EZ-fill vials unfavorably impacted the mix within high-value solutions in the first quarter of 2024. The gross profit margin for the first quarter of 2024 decreased to 26.4%, primarily due to the product mix resulting from lower revenue from EZ-fill vials. The operating profit margin decreased to 10.7%. Biopharmaceutical and Diagnostic Solutions
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News
- Stevanato Group S.p.A. (STVN) Investors with Losses are Urged to Contact Levi & Korsinsky to Discuss Their RightsAccesswire
- Levi & Korsinsky Investigates Possible Securities Fraud Violations by Stevanato Group S.p.A. (STVN)Accesswire
- Stevanato Being Investigated on Behalf of Stevanato Group S.p.A. Investors. Contact Levi & Korsinsky For Details.Accesswire
- Stevanato Group S.p.A. Just Missed EPS By 34%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Stevanato Group S.p.A. (NYSE:STVN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
STVN
Earnings
- 5/9/24 - Miss
STVN
Sec Filings
- 5/20/24 - Form S-8
- 5/16/24 - Form 6-K
- 5/14/24 - Form 6-K
- STVN's page on the SEC website