Brief: Fagron Reports FY Revenue Growth of 10.3%

Fagron NV

09/02/2023 06:15

Feb 9 (Reuters) - Fagron NV  FAGRO.BR :
    * REPORTS 19% TOPLINE GROWTH, 11% INCREASE IN REBITDA AND
FREE
CASH FLOW OF EUR 91 MILLION FOR 2022
    * REVENUE GROWTH OF 10.3% AT CER WITH ORGANIC REVENUE GROWTH
OF
3.8% AT CER TO EUR 683.9 MILLION (EUR 676.7 MILLION EXCLUDING
BOSTON)
    * EXPECTS A MID-TO-HIGH SINGLE DIGIT ORGANIC REVENUE GROWTH
AND AN
INCREASE IN PROFITABILITY BOTH DEVELOPING PROGRESSIVELY THROUGH
2023
    * REBITDA INCREASED BY 10.5% TO EUR 130.7 MILLION; 19.1%
REBITDA
MARGIN (19.6% EXCLUDING BOSTON)
    * FAGRON NV - EARNINGS PER SHARE INCREASED BY 14.3% TO EUR
0.96
    * DIVIDEND PROPOSAL OF EUR 0.25 PER SHARE
    * FOR FY 2023, WE EXPECT MID-TO-HIGH SINGLE DIGIT ORGANIC
REVENUE
GROWTH WITH INCREASE IN PROFITABILITY, BOTH DEVELOPING
PROGRESSIVELY THROUGH YEAR, AND ONE-OFF CAPEX INVESTMENTS IN
NORTH AMERICA
    * WILL INVEST A TOTAL OF USD 18 MILLION WITH THE MAJORITY
SPENT IN
2023 ON TOP OF GENERAL MAINTENANCE CAPEX SPEND OF AROUND 3 TO
3.5% OF REVENUE
    * WILL REMAIN COMMITTED TO DISCIPLINED ACQUISITION STRATEGY
IN ALL
REGIONS WHERE ACTIVE AS PART OF GROWTH STRATEGY

Source text for Eikon:  ID:nGNE70gZ9G 
Further company coverage:  FAGRO.BR 
 (Reporting by Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com))