Euroapi signs manufacturing contract with an animal health company, shares rise

Euroapi SA

23/05/2024 09:00

** Shares in Euroapi rise 4.6% after the group said it
signed a 130-150 million euros contract with an animal health
company
    ** J.P. Morgan says it expects Euroapi shares to outperform
by at least a few pp today
    ** Broker sees the 5-year manufacturing contract offering 3%
upside to consensus revenue forecasts over the mid-term period
with 4-6% upside to Core 2025-28 EBITDA consensus
    ** Up to the previous session's close, shares were down
43.3%​ YTD

 (Reporting by Dimitri Rhodes)
 ((Dimitri.Rhodes@thomsonreuters.com))