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Stevanato Group S.p.A., founded in 1949, is a leader in creating systems, processes, and services that ensure the integrity of parenteral medicines. The company operates through two main divisions:
- Pharmaceutical Systems (Ompi and Balda brands): Specializes in ready-to-use glass containers and bulk primary packaging such as syringes, cartridges, vials, and ampoules. Additionally, it provides high-quality, high-precision plastic solutions for diagnostic, pharmaceutical, and medical device applications.
- Engineering Systems (Spami, Optrel, Innoscan, and SVM brands): Focuses on glass forming technology, inspection systems, assembly, packaging machines, and serialization solutions for the pharmaceutical industry.
These divisions work in close synchronization, featuring daily exchanges that ensure the Stevanato Group maintains complete control over the entire production process, from sourcing the finest raw materials to providing exceptional after-sales customer service.
The group's commitment extends beyond manufacturing; through its SGLab, the Stevanato Group offers analytical and testing services that support pharmaceutical companies in ensuring the safety, efficacy, and integrity of their products.
Stevanato Group addresses customer needs across the entire drug life cycle, including development, clinical, and commercial stages, offering an integrated, end-to-end portfolio of products, processes, and services. The company operates in two segments: Biopharmaceutical and Diagnostic Solutions, which generates key revenue and encompasses products and services for the containment and delivery of pharmaceutical and biotechnology drugs and reagents, as well as the production of diagnostic consumables; and Engineering.
Geographically, the company derives the majority of its revenue from Europe, the Middle East, and Africa, positioning itself as a significant player in the global pharmaceutical, biotechnology, and life sciences industries.
Stevanato Group (NYSE: STVN) announced its participation in the Bank of America Global Healthcare Conference on September 15, 2022, at 9:05 a.m. BST in London. The event highlights the company's role as a leading provider of drug containment and delivery solutions. Interested investors can access a webcast via the company's website under the 'News & Events' section. Founded in 1949, Stevanato Group provides integrated solutions for the pharmaceutical and life sciences industries, focusing on innovation and engineering excellence.
Stevanato Group (NYSE: STVN) and Gerresheimer AG have announced their collaboration to develop a new Ready-To-Use (RTU) vial solution based on Stevanato's EZ-fill® technology. This initiative aims to enhance quality, efficiency, and reduce the total cost of ownership for pharmaceutical companies. The partnership addresses the rising demand for RTU vials, with a focus on standardizing fill-finish operations. The new solution will significantly lower particle load, bolstering overall quality. The platform will be showcased at the CPhI Worldwide in Frankfurt in November 2022.
Stevanato Group (NYSE: STVN) reported a strong second quarter of 2022, achieving a 15% revenue growth to €234.2 million. The company raised its full-year guidance, projecting revenue between €955 million and €965 million. Adjusted diluted EPS was €0.12, with a 31.8% gross profit margin. The backlog rose 37% to approximately €1.01 billion, driven by increased demand in Biopharmaceutical and Diagnostic Solutions. Despite lower COVID-19-related revenue, the Core business showed robust demand.
Stevanato Group (NYSE: STVN) will release its second quarter 2022 financial results on August 4, 2022, at 6:30 a.m. EST. A conference call and webcast will follow at 8:30 a.m. EST to discuss the results, accompanied by a slide presentation available on their Investor Relations webpage. Interested participants can pre-register for immediate access. The company provides drug containment, delivery, and diagnostic solutions for the pharmaceutical and biotechnology sectors, emphasizing its engineering and innovation capabilities.
Stevanato Group S.p.A. (NYSE: STVN) announced that all resolutions proposed at its Annual General Meeting (AGM) on
Stevanato Group (NYSE: STVN) announced its participation in two upcoming investor conferences. On
Stevanato Group (NYSE: STVN) has announced the acquisition of a 65,000-square-meter industrial complex in Cisterna di Latina, Italy. This facility aims to enhance the company’s production capabilities in response to rising demand for its drug containment solutions. The new site will employ approximately 190 people and partially utilize renewable energy sources. Operations are set to commence in 2023, boosting the production of standard and EZ-fill® solutions. CEO Franco Moro emphasizes the strategic expansion in a major pharmaceutical hub to better serve customer needs.
Stevanato Group (NYSE: STVN) reported a 10% revenue increase in Q1 2022, totaling €212.1 million. Diluted EPS stood at €0.10, with adjusted diluted EPS at €0.11. The backlog surged 49% to €992.2 million, driven by a 29% rise in high-value solutions. Gross profit margin improved to 31.8%, although production faced temporary slowdowns due to Covid-related absenteeism. The company maintains its fiscal 2022 guidance, projecting revenue between €935 million and €945 million and adjusted diluted EPS between €0.49 and €0.51.
Stevanato Group, a global provider of drug containment and delivery solutions, announced its 2022 Annual General Meeting (AGM) will take place virtually on June 1, 2022, at 4:00 p.m. (CEST). Shareholders can access the meeting agenda, explanatory materials, and voting instructions on the company's investor relations website. Hard copies of the audited financial statements can be requested via email. The press release emphasizes the company's commitment to shareholder engagement and transparency.
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