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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 has appointed Riccardo Butta as President of the Americas, reinforcing its commitment to growth in the region. Butta brings over 30 years of management experience, including 20 years at Flex Ltd., where he oversaw the global commercial operations of Flex Health Solutions. This strategic move aims to enhance market penetration and customer proximity amid growing regional demand. CEO Franco Moro expressed confidence in Butta's capabilities to advance the company’s strategic priorities in this critical area.
Stevanato Group has extended its licensing agreement with Haselmeier for the Axis-D™ pen injector technology, broadening its offerings beyond diabetes to include obesity, cardiovascular disease, gastrointestinal disorders, pain management, and more. This strategic move enhances Stevanato's product portfolio and positions it to meet the increasing demand for drug delivery systems. The Alina® platform is designed for a variety of therapeutic regimens, ultimately benefiting patients and pharmaceutical companies during the drug development process.
Stevanato Group (NYSE: STVN) announced the construction of a new 6,750 square meter corporate headquarters in
Stevanato Group (NYSE: STVN) reported a 37% revenue increase to €214.5 million in Q3 2021, alongside a net profit of €18.6 million and diluted EPS of €0.07. Adjusted net profit rose 39% to €26.4 million, with adjusted diluted EPS at €0.10. The backlog also grew to €834 million. A discretionary bonus of €6.7 million affected net profits, but the company remains optimistic, raising its revenue guidance for the year and projecting adjusted diluted EPS between €0.45 and €0.47.
Stevanato Group S.p.A. (NYSE: STVN) announced it will release its third quarter fiscal 2021 financial results on November 9, 2021, at 6:30 a.m. ET. A conference call will follow at 8:30 a.m. ET, where management will present a slide deck available on their Investor Relations website. The call can be accessed by dialing provided numbers for various countries or via an online broadcast. A replay will be available until November 23, 2021. Founded in 1949, Stevanato is a key provider of drug containment, delivery, and diagnostic solutions for the pharmaceutical industry.
Stevanato Group (NYSE:STVN) is set to commence construction of a new plant in Fishers, Indiana this month, with plans for completion by 2023. The facility, covering up to 370,000 square feet, represents an investment of approximately $145 million and aims to enhance support for North American pharmaceutical customers. It will produce the company's EZ-Fill® solutions and offer technical after-sales support. Stevanato Group anticipates hiring over 230 new employees by 2025 as part of its expansion strategy.
Stevanato Group (NYSE: STVN) reported second quarter 2021 revenue of €204.0 million, a 26% increase year-on-year, with gross margins rising to 31.2%. Net profit was €34.5 million, equating to €0.14 diluted EPS, including a €4.4 million one-time benefit. Adjusted diluted EPS was €0.12. The company forecasts 2021 revenue between €820 million and €830 million, with adjusted EPS expected to be between €0.43 and €0.47. Strong demand in its biopharmaceutical segment, driven by high-value solutions, contributed to growth. The company raised approximately $453.5 million in its IPO.
Stevanato Group has priced its initial public offering of 32 million ordinary shares at $21 each, set to trade on the NYSE under the ticker symbol STVN starting July 16, 2021. The offering is anticipated to close on July 20, 2021, subject to standard conditions. Additionally, underwriters have a 30-day option to purchase 4.8 million more shares. The company has also entered into hedging agreements for $420 million and $180 million with Morgan Stanley to address currency exposure from the proceeds.
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