Stevanato Group Reports Financial Results for the First Quarter of 2024
Stevanato Group S.p.A. Ordinary Shares (STVN)
Company Research
Source: Business Wire
PIOMBINO DESE, Italy--(BUSINESS WIRE)--Stevanato Group S.p.A. (NYSE: STVN), a leading global provider of drug containment, drug delivery, and diagnostic solutions to the pharmaceutical, biotechnology, and life sciences industries, today announced its financial results for the first quarter of 2024.First Quarter 2024 HighlightsRevenue for the first quarter of 2024 decreased 1% to €236.0 million compared with the same period last year, and high-value solutions represented 37% of total revenue.For the first quarter, diluted earnings per share were €0.07 and adjusted diluted earnings per share were €0.08.Adjusted EBITDA margin for the first quarter was 21.4%.The Company is updating its fiscal year 2024 guidance primarily due to a more pronounced impact from the ongoing industry-wide destocking in the first quarter and a more gradual recovery in vials, as well as the postponement of expected orders from a key customer. The Company now expects revenue in the range of €1,125 million to €
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STVN
Earnings
- 5/9/24 - Miss
STVN
Sec Filings
- 5/31/24 - Form SD
- 5/28/24 - Form 6-K
- 5/24/24 - Form 6-K
- STVN's page on the SEC website