Fagron SA (OTCPK:ARSUF)

$ 18.58929 -0.507854 (-2.66%) Market Cap: 1.40 Bil Enterprise Value: 1.65 Bil PE Ratio: 18.27 PB Ratio: 2.79 GF Score: 87/100

Q2 2019 Fagron NV Earnings Call Transcript

Aug 05, 2019 / 07:30AM GMT

Release Date Price: $18.12

Transcript

Operator

Good day, and welcome to the 2019 semiannual results of Fagron conference call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Rafael Padilla, CEO. Please go ahead.

Rafael Padilla

Fagron NV - CEO & Director

Thank you very much, operator. Welcome. Thank you all for joining the conference call for the first semester of 2019 results of Fagron.

My name is Rafael Padilla, Chief Executive Officer of Fagron. With me here today are Karin de Jong, Chief Financial Officer; and Constantijn Rietschoten, Chief Communications Officer.

Good morning, Karin and Constantijn.

We will elaborate on the results and developments of the first semester, after which, we open the floor for questions.

We are very pleased with the results recorded in the first semester of 2019. We saw good turnover growth of 10.6% on the back of the excellent performance in North America and the solid turnover development in Latin America.

EBITDA in the first semester came in at EUR 54.2 million, an increase

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