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

Q3 2019 Fagron NV Corporate Sales Call Transcript

Oct 11, 2019 / 07:30AM GMT

Release Date Price: $17.73

Transcript

Operator

Good day, and welcome to the Fagron Trading Update Q3 Results 2019 Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Rafael Padilla, CEO. Please go ahead, sir.

Rafael Padilla

Fagron NV - CEO & Director

Thank you very much. Hello, and good morning, everyone. Thank you for calling for the Q3 trading update. Today, Constantijn, Karin and myself are very pleased to announce and state with you our first semester update, an acceleration of our top line during the second semester that proves the success of our clear strategy. All regions have performed as planned, and we would like to remark the growth in Europe, driven by the restart of our sales facility in the Netherlands and a strong growth in the Brands segment, driven by a clear strategic focus, together with the promising start of Fagron Genomics.

In North America, we have reached an important milestone by getting a run rate $50 million sales in our Fagron Sterile Services division. Anazao has performed very well, growing almost 7%.

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