Stevanato Group reports first quarter 2022 financial results

Stevanato Group has announced its financial results for the first quarter of 2022.

First Quarter 2022 Highlights (compared to the same period last year)

• First quarter revenue increased 10 percent to EUR 212.1 million, diluted earnings per share were EUR 0.10 and adjusted diluted earnings per share were EUR 0.11

• Adjusted EBITDA totalled EUR 54.0 million with an adjusted EBITDA margin of 25.5 percent

• Backlog increased 49 percent to approximately EUR 992.2 million,

• Revenue from high value solutions increased to approximately 29 percent of total revenue

• The Company is maintaining its full year guidance.