Brief: Fagron Q1 Turnover Up At 156.4 Million Euros

Fagron NV

14/04/2022 07:12

April 14 (Reuters) - FAGRON NV  FAGRO.BR :
    * QUARTERLY REVENUE ROSE 16 PERCENT TO 156.4 MILLION EUR
    * STRONG TOP LINE GROWTH DESPITE CHALLENGING OPERATING
ENVIRONMENT
    * ORGANIC GROWTH OF 13.3% (7.6% AT CONSTANT EXCHANGE RATES)
    * NAVIGATING ONGOING SUPPLY CHAIN DISRUPTIONS AND RISKS
    * LINGERING PRESSURE ON SUPPLY CHAIN DUE TO COVID RELATED
ISSUES
WITH LIMITED DIRECT IMPACT FROM UKRAINE CRISIS THUS FAR
    * Q1 TURNOVER EUR 156.4 MILLION VERSUS EUR 134.8 MILLION
YEAR AGO
    * Q1 UNDERLYING PERFORMANCE IN LATIN AMERICA REFLECTS IMPACT
OF
INCREASED OMICRON INFECTIONS AND A CHALLENGING ECONOMIC
ENVIRONMENT
    * NORTH AMERICA : FSS ON TRACK TO REALIZE THE RUN RATE OF
US$ 125
MILLION (ANNUALIZED) AT YEAR END 2022, WITH AUTOMATIC LABELLING
AND VISUAL INSPECTION AND THE IMPLEMENTATION OF A THIRD SHIFT
PLANNED
    * NORTH AMERICA : BRANDS AND ESSENTIALS REVENUE GROWTH
SUPPORTED
BY THE LETCO ACQUISITION WHILE THE INTEGRATION IS PROGRESSING AS
PLANNED

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

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