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ROVI Projects Lower EBITDA for 2024 Amid Contract Manufacturing Challenges

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ROVI Projects Lower EBITDA for 2024 Amid Contract Manufacturing Challenges

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Laboratorios Farmaceuticos Rovi ( (ES:ROVI) ) has shared an announcement.

ROVI has announced that its EBITDA levels for the 2024 fiscal year are expected to fall short by 10% to 15% compared to market consensus, primarily due to lower activity in its contract manufacturing business during the fourth quarter. The complete fiscal results are set to be published on February 25, 2025, but ROVI has confirmed that its forecasts for 2025 remain unchanged, suggesting a potential shift in operational focus or market strategy to stabilize future performance.

More about Laboratorios Farmaceuticos Rovi

Laboratorios Farmacéuticos ROVI, S.A. operates within the pharmaceutical industry, focusing on the development and manufacturing of pharmaceutical products. The company is known for its contract manufacturing business and has a market focus on delivering various pharmaceutical solutions.

YTD Price Performance: 4.61%

Average Trading Volume: 2,286

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €3.32B

See more data about ROVI stock on TipRanks’ Stock Analysis page.

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