Stevanato Group (STVN) has released an update.
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Stevanato Group S.p.A., a leading provider of pharmaceutical solutions, has reported a marginal revenue increase of 2% in the second quarter of 2024, reaching €259.6 million, with high-value solutions making up 40% of the total revenue. The company has revised its fiscal year 2024 guidance, with expected revenue between €1,090 million to €1,110 million, and adjusted EBITDA anticipated to be €264 million to €272 million. Challenges in the Engineering Segment due to project delays and higher costs have impacted profitability, but the company remains positive about its growth prospects and strong product demand.
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