Report
Jeroen Van Den Bossche

Fagron North America: Making Fagron Great !

Today, we briefly discuss Fagron's half year results. As indicated before, in previous notes and our company note, the key 2 regions for Fagron's future are EMEA and North America. The latter will almost surely overtake Europe in terms of revenue, however, EMEA is still the cash engine for the company. LATAM remains a question mark for now, as it is unclear how Fagron will alleviate Brazil's competitive pressure. That stated, it is clear that Fagron is poised for long term growth, thus we firmly re-iterate our Buy rating and € 20 PT.
Underlying
Fagron SA

Fagron supplies products, services to professionals and institutions in the healthcare sector in Europe, the U.S.A. and Brazil. Co.'s activities are subdivided into four divisions. Through Fagron, Co. offers products and concepts for pharmaceutical compounding. Through Arseus Dental, Co. supplies dental products and concepts to dentists and dental laboratories in Belgium, the Netherlands, France, Germany and Switzerland. Through Arseus Medical, Co. supplies medical and surgical products to specialists, elderly homes, homecare nurses and hospitals in Belgium and the Netherlands. Through Corilus, Co. supplies ICT total solutions for medical specialists in Belgium, the Netherlands and France.

Provider
KBC Securities
KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

 

Analysts
Jeroen Van Den Bossche

Other Reports on these Companies
Other Reports from KBC Securities
Hilde Van Boxstael ... (+5)
  • Hilde Van Boxstael
  • Lynn Hautekeete
  • Mathijs Geerts Danau
  • Wim Hoste
  • Wim Lewi

ResearchPool Subscriptions

Get the most out of your insights

Get in touch