Q2 2024 Fagron NV Earnings Call Transcript

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Aug 01, 2024

Aug 01, 2024 / 07:30AM GMT
Operator

Good morning, and welcome to Fagron's H1 2024 results conference call, hosted by Rafael Padilla, CEO; and Karin de Jong, CFO. (Operator Instructions) Post call, if you have any questions, please reach out to the Investor Relations e-mail address that is [email protected].

At this time, I'd like to hand the call over to Rafael Padilla, CEO. Please go ahead, sir.

Rafael Padilla - Fagron NV - Chief Executive Officer, Executive Director

Thanks, Francois, and good morning all. We are very happy to see the continuation of our strong performance as we achieved 12.8% organic growth at CER, with revenues increasing to EUR429 million for the first half of the year. This growth was driven by positive contributions by all regions and particularly accelerated by the exceptional performance in compounding services.

Our EBITDA margin increased by 30 basis points to 19.7%, reflecting synergies from acquisitions and benefits from operational excellence initiatives. As we look ahead, we're upgrading our full year revenue guidance to a range of EUR850 million

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