Stevanato Group S.p.A. reports developments in drug containment, drug delivery and diagnostic solutions for pharmaceutical, biotechnology and life sciences customers. The company’s updates center on financial results, revenue mix from high-value solutions, guidance, margin trends and demand across its Biopharmaceutical and Diagnostic Solutions and Engineering segments.
Recurring announcements also cover manufacturing capacity, customer demand for advanced containment and delivery products, investor conference participation and management commentary on operating performance. Its news flow connects healthcare packaging and delivery technologies with the commercial and clinical needs of drug developers, diagnostics companies and life sciences customers.
Stevanato Group (NYSE: STVN) reported strong financial results for Q4 and FY 2022 and provided guidance for FY 2023. Q4 revenue rose 26% to €292.1 million, while FY 2022 revenue increased 17% to €983.7 million. Adjusted diluted EPS for Q4 were €0.19, and for FY 2022, €0.56. The company anticipates FY 2023 revenue between €1.085 billion and €1.115 billion and adjusted EPS of €0.58 to €0.62. Committed backlog grew 9% YoY to €957 million. Positive momentum was noted in high value solutions, accounting for 30% of revenue, with increased capital investments planned in the U.S. to meet demand.
Stevanato Group (NYSE: STVN) will release its fourth quarter and fiscal year 2022 financial results on March 2, 2023, at 6:30 a.m. ET. A conference call and webcast will follow at 8:30 a.m. ET, featuring a slide presentation available on the company’s Investor Relations site. Participants are encouraged to pre-register for expedited access. Dial-in options include +39 02 802 09 11 (Italy), +44 1 212 818004 (UK), and +1 718 705 8796 (USA). A replay of the webcast will be accessible for three months post-event, further enhancing transparency regarding the company’s performance.
Stevanato Group (NYSE: STVN), a global leader in drug containment, has announced a collaboration with Transcoject GmbH to introduce cyclic olefin polymer (COP) and cyclic olefin copolymer (COC) pre-fillable syringes (PFS). This new offering will enhance Stevanato’s existing glass PFS portfolio, enabling greater customization for clients across various applications, including sensitive biologics and mRNA vaccines. The partnership aims to leverage each company's expertise to provide a broad range of format options and increase operational efficiency. The new products will be introduced at the Pharmapack Europe conference in Paris on February 1-2, 2023.
Stevanato Group (NYSE: STVN) announced its participation in the Jefferies London Healthcare Conference scheduled for November 17, 2022, at 12:55 p.m. (GMT). The company, a global leader in drug containment, drug delivery, and diagnostic solutions, will provide a webcast available on its Investors section of the website. Founded in 1949, Stevanato Group supports the pharmaceutical and biotechnology sectors with a comprehensive portfolio of products and services throughout the drug life cycle.
Stevanato Group (NYSE: STVN) reported a strong third quarter of 2022 with a 14% revenue increase to €245.3 million. High-value solutions contributed 30% of total revenue, reflecting a growing shift in focus. The adjusted diluted EPS remained stable at €0.14, with an adjusted EBITDA of €65.8 million and a margin of 26.8%. A notable 21% backlog increase to approximately €1.01 billion underscores strong future demand. The company raised its 2022 guidance, citing favorable currency effects amidst ongoing inflationary pressures.
Stevanato Group has partnered with Gerresheimer AG to launch the EZ-fill Smart™, a new Ready-To-Use (RTU) vial platform. This innovation aims to enhance drug packaging quality, reduce total cost of ownership (TCO), and decrease lead times. Key features include increased automation, no glass-to-glass contact, and an environmentally friendly sterilization method. The platform is set for commercial availability in early 2024. The collaboration responds to a growing demand for RTU vials, positioning itself as the next industry standard in pharmaceutical packaging.
Stevanato Group (NYSE: STVN) has announced a non-exclusive agreement with DWK Life Sciences to distribute its EZ-fill® Ready-to-Use (RTU) solutions. This collaboration aims to enhance the distribution of EZ-fill® products, which include vials and cartridges specifically designed for pharmaceutical use. The EZ-fill® technology has been widely adopted, with over 250 installations in the last 12 years, ensuring quality improvements and reduced costs. The partnership is expected to leverage DWK’s extensive laboratory network to expand Stevanato's market reach.
Stevanato Group S.p.A (NYSE: STVN) will release its third-quarter 2022 financial results on November 8, 2022, at 6:30 a.m. (ET). The company will host a conference call and webcast to discuss these results at 8:30 a.m. (ET) on the same day, which will include a slide presentation available on its Investor Relations webpage.
Participants can pre-register for immediate access, while those unable to do so may dial in directly. The archived webcast will be accessible for three months post-event.
Bexson Biomedical and Stevanato Group have been jointly awarded the PDA's 2022 Drug Delivery Innovation Partnership Award for their collaboration on the On Body Delivery System (OBDS). This recognition highlights their innovative work in optimizing drug delivery solutions for non-opioid pain management, particularly with Bexson's SEVALENT™ formulation technology. The award was presented at the PDA conference in Palm Springs, CA on October 18, 2022. Bexson’s lead therapy, BB106, targets a $36 billion market.
Stevanato Group (NYSE: STVN) announced its participation in the Bank of America Global Healthcare Conference on September 15, 2022, at 9:05 a.m. BST in London. The event highlights the company's role as a leading provider of drug containment and delivery solutions. Interested investors can access a webcast via the company's website under the 'News & Events' section. Founded in 1949, Stevanato Group provides integrated solutions for the pharmaceutical and life sciences industries, focusing on innovation and engineering excellence.