Brief: Fagron H1 EPS Up 29.7% At EUR 0.48

Fagron NV

04/08/2022 06:20

Aug 4 (Reuters) - Fagron NV  FAGRO.BR :
    * H1 EARNINGS PER SHARE ROSE 29.7% TO 0.48 EUR
    * ORGANIC REVENUE GROWTH OF 6.9% AT CER WITH TOTAL REVENUE
GROWTH
OF 10.9% AT CER (18.8% REPORTED) TO EUR 328.6 MILLION
    * FAGRON DELIVERS STRONG TOPLINE GROWTH OF 18.8% AND AN
INCREASE
IN REBITDA OF 13.1% FOR FIRST HALF OF 2022
    * H1 REBITDA INCREASED BY 13.1% TO EUR 63.3 MILLION WITH A
MARGIN
OF 19.3%
    * H1 FREE CASHFLOW INCREASED BY 44.3% TO EUR 31.9 MILLION
    * H1 EARNINGS PER SHARE INCREASED BY 29.7% TO EUR 0.48
    * H1 FOUR ACQUISITIONS COMPLETED IN PERIOD FOLLOWED BY 503B
FACILITY IN BOSTON IN JULY
    * H1 SOLID PROGRESS ON OUR SUSTAINABILITY AGENDA WITH 21.5%
REDUCTION OF GREENHOUSE GAS INTENSITY COMPARED TO 2019
    * OUTLOOK: EXCLUDING IMPACT OF BOSTON ACQUISITION, FY 2022
REVENUE
EXPECTATION INCREASED TO BETWEEN EUR 670, EUR 690 MILLION
    * OUTLOOK: HIGHER REBITDA MARGIN IN H2 COMPARED TO H1
    * H1 REVENUE DEVELOPMENT IN EMEA STABILIZING; STEADY REVENUE
GROWTH IN LATIN
    * OUTLOOK: MEDIUM-TERM OBJECTIVES REMAIN UNCHANGED

Source text for Eikon:  ID:nGNE9lTnq7 
Further company coverage:  FAGRO.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))