Fagron beats Q3 expectations across the board, shares rise
10/10/2024 08:29
** Shares of Belgium's Fagron rise more than 3% after its Q3
results beat expectations
** Fagron reports Q3 revenue at 214.5 million euros ($234.5
million) against the 209 million expected in a company-compiled
consensus
** KBC Securities says the results outperformed their
expectations in all regions on the back of sustained growth in
North America and strong performance in Latin America
** Degroof Petercam says organic sales growth of 12.2% beat
their estimate of 9.8%, with North-America rising 19.7% and
Latin America +10.7% against the broker's expectations of
respectively +18% and +5.3%
** "Another impressively strong quarter of organic growth,
broad-based and driven by all regions and activities", the
broker says
** If gains hold, the stock is on track for its best day in
six months
($1 = 0.9146 euros)
(Reporting by Nathan Vifflin)
((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))