Fagron rises on Q3 revenue beat, outlook confirmation
12/10/2023 08:14
** Shares in Fagron FAGRO.BR rise about 8% as the
Belgian healthcare company posted a Q3 revenue beat and
confirmed outlook
** It reports over 10% growth of its Q3 revenue to 191.4
million euros ($203.46 million) beating the company-compiled
consensus of 185.6 million
** The company confirmed its outlook for 2023 revenue
between 750-770 million euros and an improvement in
profitability year-on-year
** KBC Securitites says Fagron's Q3 update once again shows
solid performance with robust top-line growth in key regions, as
organic growth picked up pace this quarter
** Shares tracking best day in 8 months
($1 = 0.9407 euros)
(Reporting by Michal Aleksandrowicz)
((michal.aleksandrowicz@tr.com))