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EQS-News: SCHOTT Pharma AG & Co. KGaA
/ Key word(s): Development of Sales/Annual Results
SCHOTT Pharma delivers right after IPO with strong profitable growth for the full year, at the upper end of its guidance
SCHOTT Pharma, a pioneer in pharma drug containment solutions and delivery systems, closed its fiscal year 20231 with revenues of EUR 899m at the upper end of its guidance. Compared to EUR 821m in FY 2022, this represents a strong increase of 9%, taking into account the effects of customers’ temporary destocking in the core vials product category during the year. The company’s EBITDA increased in line with revenue to EUR 239m (+9% yoy), enabling SCHOTT Pharma to maintain its high EBITDA margin of 26.6%. The strong growth was enabled by the expansion of SCHOTT Pharma’s production capacities, especially for drug delivery systems and the new production lines for prefillable polymer syringes in Müllheim, Germany. This key milestone was also a key contributor to the share of revenue from strong-margin high-value solutions increasing by 9 percentage points to 48%, which was better than expected. “We are very pleased that we were able to fully deliver on our promises and meet our growth targets that we set out during our recent IPO. Our strong growth and high level of profitability not only continue to demonstrate our attractive financial profile, but also confirm our strategic focus on pharma trends and the fast-growing market for high-value solutions. For those reasons, we are confident about both the coming financial year and our mid-term targets”, said Dr. Almuth Steinkühler, CFO of SCHOTT Pharma. The strong performance of high-value solutions (HVS) drove impressive overall growth despite the effects of underutilization in the core vials product category from customer destocking in the second half of the financial year. With its products, SCHOTT Pharma serves some of the most important and exciting pharma trends, such as GLP-1, homecare and mRNA, that will continue to serve as growth drivers. The company continuously develops solutions for new drug categories to ensure their safe storage and administration to patients all over the world. As of December 18, 2023, SCHOTT Pharma was included in the SDAX, joining the DAX family for the first time. SCHOTT Pharma will publish its 2023 annual report including the non-financial report on January 26, 2024.
1The fiscal year 2023 runs from October 2022 to September 2023.
About SCHOTT Pharma SCHOTT Pharma designs solutions grounded in science to ensure that medications are safe and easy to use for people around the world – because human health matters. The portfolio comprises drug containment solutions and delivery systems for injectable drugs ranging from prefillable glass and polymer syringes to cartridges, vials, and ampoules. Every day, a team of around 4,700 people from over 65 nations works at SCHOTT Pharma to contribute to global healthcare. The company is represented in all main pharmaceutical hubs with 16 manufacturing sites in Europe, North and South America, and Asia. With over 1,000 patents and technologies developed in-house, a state-of-the-art R&D center in Switzerland, the company is focused on developing innovations for the future. SCHOTT Pharma AG & Co. KGaA, headquartered in Mainz, Germany, is part of SCHOTT AG that is fully owned by the Carl Zeiss Foundation. In light of this spirit, SCHOTT Pharma is committed to sustainable development for society and the environment and has the strategic goal of becoming climate-neutral by 2030. Currently, SCHOTT Pharma has over 1,800 customers including the top 30 leading pharma manufacturers for injectable drugs and generated revenues of EUR 821m in the fiscal year 2022. Press contact: Jasko Terzic, CFA Simon Steiner Christopher Raad
19.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | SCHOTT Pharma AG & Co. KGaA |
| Hattenbergstraße 10 | |
| 55122 Mainz | |
| Germany | |
| ISIN: | DE000A3ENQ51 |
| WKN: | A3ENQ5 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1799459 |
| End of News | EQS News Service |
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1799459 19.12.2023 CET/CEST
