FAGRON a.s. - reports turnover of € 276.6 million

Fagron reports turnover of € 276.6 million

Accelerated growth at Fagron Sterile Services in Wichita – turnover target raised on acquisition of US Compounding activities

Financial highlights of H1 2021

• Turnover decreased 0.8% to € 276.6 million (+5.9% at constant exchange rates)
• Gross margin decreased 140 bps to 58.4% due to temporary COVID-related impact
• REBITDA¹ decreased 11.0% to € 56.0 million
• REBITDA margin decreased to 20.2% (H1 2020: 22.6%)
• EBIT decreased 11.9% to € 40.7 million
• Operating cash flow increased 15.1% to € 31.3 million
• Net financial debt /REBITDA ratio of 2.18 at 30 June 2021
• Outlook for 2021: Further turnover growth with a REBITDA between € 118 and € 124 million 

Full press release (ENG)