An 'attractive growth case' - Fagron jumps on strong Q1 revenue

Fagron NV

11/04/2024 08:53

** Shares in Fagron  FAGRO.BR  rise 7%, pares gains after
rising as much as 8%, after Belgium's healthcare firm posted a
15% growth in Q1 revenue, to 209 million euros ($224.36 million)
    ** KBC Securities flags that growth was mainly driven by
continued strong performance in North America and robustness in
EMEA
    ** ING says that Fagron's solid numbers in these two regions
are supported by solid development in Compounding services, up
37.4% YoY in the US and 17% in EMEA
    ** "Fagron again overdelivered on our and consensus
expectations and this should further increase investor’s
confidence in this attractive growth case", says Degroof
Petercam
    ** Fagron confirmed its FY 2024 outlook, expecting high
single digit organic sales growth and improvement in
profitability 
    ** Including today's rise the stock has gained 10.3% YTD​


($1 = 0.9315 euros)

 (Reporting by Alban Kacher)
 ((alban.kacher@thomsonreuters.com))