STEVANATO GROUP Reports 8.3% Increase in Q4 2022 Revenue of EUR 48.3 Million
March 19, 2023
Earnings Overview
STEVANATO GROUP ($NYSE:STVN)’s total revenue for the fourth quarter of fiscal year 2022, ending on December 31, 2022, increased by 8.3% to EUR 48.3 million, compared to the same quarter the prior year. Net income rose 25.6% to EUR 292.1 million for the same period. These results were released on March 2, 2023.
Price History
On Thursday, STEVANATO GROUP reported an 8.3% increase in Q4 2022 revenue of EUR 48.3 million. This caused the stock to open at $23.0 and close at $23.7, a 6.2% increase from the previous closing price of 22.3. This news was welcomed by investors, as the company has not seen such a strong increase in revenue since the beginning of the pandemic. The company attributed its success to its investments in new technologies, which allowed it to grow its market share despite the challenging market conditions.
Moreover, the company’s focus on efficient cost management and new product launches allowed it to maintain its margins and achieve a healthy quarterly profit. Overall, the report of a strong Q4 2022 revenue is a positive sign for STEVANATO GROUP and its shareholders, who have endured a difficult period due to the pandemic. The company is now well-positioned to capitalize on the recovering market and continue with its growth plans, both in Europe and abroad. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Stevanato Group. More…
| Total Revenues | Net Income | Net Margin |
| 983.68 | 142.85 | 14.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Stevanato Group. More…
| Operations | Investing | Financing |
| 103.31 | -242.95 | -44.54 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Stevanato Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.66k | 663.79 | 3.76 |
Key Ratios Snapshot
Some of the financial key ratios for Stevanato Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.4% | 45.7% | 19.5% |
| FCF Margin | ROE | ROA |
| -14.2% | 12.2% | 7.2% |
Analysis
At GoodWhale, we conducted an in-depth analysis of STEVANATO GROUP‘s financials and determined the company to have a medium risk rating based on financial and business aspects. The balance sheet and cashflow statement contain two warning signals that indicate potential risks associated with investing in the company. If you are interested in learning more about these warning signals, simply become a registered user on our platform and you will be able to access an even further comprehensive look into the company’s finances. More…
Peers
The company has a long history of success and has a strong market presence in Europe, North America, and Asia. Its main competitors are One Glove Group Bhd, Essilorluxottica, and Ansell Ltd.
– One Glove Group Bhd ($KLSE:5079)
One Glove Group Bhd is a Malaysian company that manufactures and sells gloves. The company has a market capitalization of 133.48 million as of 2022 and a return on equity of -17.63%. One Glove Group Bhd is involved in the production of latex, nitrile, and vinyl gloves. The company also provides gloves for the food, healthcare, and industrial sectors.
– Essilorluxottica ($OTCPK:ESLOY)
With a market capitalization of 78.25 billion as of 2022 and a return on equity of 4.79%, EssilorLuxottica is a French-Italian multinational corporation that designs, manufactures, and markets ophthalmic lenses, optical frames, sunglasses, contact lenses, and prescription eyewear. The company also provides eye care services. EssilorLuxottica is headquartered in Paris, France.
– Ansell Ltd ($ASX:ANN)
Ansell Ltd is a publicly traded company with a market capitalization of 3.53 billion as of 2022. The company has a return on equity of 9.21%. Ansell is a global leader in providing protective solutions. The company designs, develops, manufactures, and markets a variety of protection solutions, including gloves, clothing, and other products.
Summary
Investors should consider STEVANATO GROUP when evaluating their portfolios. The company reported a strong performance for the fourth quarter of their fiscal year 2022, with total revenue increasing by 8.3% and net income increasing by 25.6%. In response, the stock price moved up on the same day.
This indicates a positive outlook for the company, supported by its consistent growth and financial strength. As STEVANATO GROUP continues to expand, investors can expect to benefit from a further increase in the stock price and potential capital gains.
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