Fagron NV
F:4A5

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Fagron NV Logo
Fagron NV
F:4A5
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Price: 23.65 EUR -0.84% Market Closed
Market Cap: €1.7B

Fagron NV
Investor Relations

Fagron NV is a pharmaceutical company focused on compounding, which means making customized medicines for patients whose needs are not met by standard mass-market drugs. It sells raw materials, ready-to-use ingredients, compounding equipment, and prepared formulations that pharmacies, hospital pharmacies, and compounding centers use to make those medicines. Its customers are mainly pharmacists, hospitals, clinics, and other healthcare providers that need reliable supply and technical support for sterile and non-sterile preparations. Fagron makes money by selling products and consumables, plus higher-value services such as formulation support, training, and specialized compounding solutions. What makes Fagron different is its role as a specialist supplier to the compounding part of the healthcare system. Instead of selling directly to patients, it sits in the middle of the medicine-making chain, helping pharmacists prepare customized treatments safely and consistently.

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Last Earnings Call
Fiscal Period
Q2 2024
Call Date
Aug 1, 2024
AI Summary
Q2 2024

Strong Organic Growth: Fagron delivered 12.8% organic revenue growth at constant exchange rates and total revenue of EUR 429 million for H1 2024.

Margin Expansion: EBITDA margin increased by 30 basis points to 19.7%, reflecting operational efficiency and acquisition synergies.

Upgraded Guidance: Full-year 2024 revenue guidance was raised to EUR 850–870 million, with continued margin improvement expected.

Regional Drivers: North America led growth with 26.2% revenue increase, LATAM and EMEA also contributed positively despite headwinds in Poland.

Significant Investments: Announced EUR 50 million investment in the Netherlands and $39 million in Wichita, US, to expand capacity and automation.

Drug Shortage Impact: Anazao benefited from US drug shortages, contributing $12 million in revenue in H1, with a similar amount expected in H2.

Strong Cash Flow: Operating cash flow grew by 35% (adjusted for factoring), with net debt/EBITDA at 1.5x, leaving headroom for further M&A.

Key Financials
Revenue
EUR 429 million
Organic Revenue Growth (CER)
12.8%
North America Revenue Growth
26.2%
LATAM Revenue Growth (CER)
5.7%
EMEA Revenue Growth (CER)
3.3%
EBITDA Margin
19.7%
Operating Cash Flow
EUR 58.3 million
Earnings Per Share
$0.55
Net Debt to EBITDA
1.5x
Compounding Services Revenue Growth (LATAM)
42.3% YoY
Compounding Services Revenue Growth (EMEA)
27.4% YoY
Compounding Services Revenue Growth (North America)
36% YoY
FSS Revenue Growth (North America)
40.2% YoY
Anazao Revenue from Drug Shortages (US)
$12 million in H1
Operating Expenses
Up 17.5% YoY
Sales Growth (Brands, LATAM)
19.5% YoY
Free Cash Flow Conversion
54%
Acquisition Contribution
EUR 9.6 million
Earnings Call Recording
Other Earnings Calls
2024
2023

Management

Ms. Vera Bakker
Chief Operating Officer
No Bio Available
Karen Berg
Global Investor Relations Manager
No Bio Available

Contacts

Address
OOST-VLAANDEREN
Nazareth
Venecoweg 20A
Contacts
+3280012880.0
fagron.com
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