Skip to main content

Fagron reports 16% increase in revenue to € 156.4 million

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Regulated information
Nazareth (Belgium)/Rotterdam (The Netherlands), 14 April 2022 – 7.00 AM CET

Fagron reports 16% increase in revenue to € 156.4 million

Fagron, the leading global player in pharmaceutical compounding, today publishes its quarterly results for the period ending 31 March 2022.

Highlights

  • Strong top line growth despite challenging operating environment
    • Revenue increased by 16.0% to € 156.4 million (10.2% at constant exchange rates), with growth across all regions
    • 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
    • Inventory management and cost efficiency key focus areas to maximize product availability with centralized procurement team
  • Continued rollout of disciplined acquisition strategy
    • Acquisition of Hiperscan in Germany and Curaphar in the Netherlands further strengthens position in key markets
    • Letco acquisition and simultaneous divestment of 80% of contract manufacturing division in North America
    • Pharma-Pack acquisition in Belgium
  • Further progress on environmental and social initiatives
    • Installed 1,000 solar panels
    • Launched the global female Fagron mentoring program
  • Reporting on Compounding Services and Premium Pharmaceuticals consolidated

Rafael Padilla, CEO of Fagron:

“We have delivered robust results in the first quarter of 2022 through organic growth and M&A activities even though we are in the midst of an unpredictable operating environment given the lingering impact from COVID, ongoing supply chain challenges as well as rising inflation.

In line with our disciplined acquisition strategy, we completed three acquisitions in the first quarter of this year with a view to solidifying our position in key European markets. We also strengthened our position in North America with the acquisition of Letco, the integration of which is progressing as planned. We remain committed to further consolidating the market and adding capabilities to Fagron through a rigorous assessment of market opportunities.

Supported by the favorable underlying secular trends from increased personalization and healthcare focus globally, we remain committed to our strategic priorities and feel confident in our ability to deliver to our mid-term targets, despite the current challenging environment.”

Please open the link below for the press release:

Fagron reports 16% increase in revenue to € 156.4 million

 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.