Stevanato Group reported third‑quarter 2025 revenue of €303.2 million, up 9 % year‑over‑year and 11 % on a constant‑currency basis. High‑value‑solutions revenue surged 47 % to €147.9 million, representing 49 % of total sales and underscoring the company’s strategic shift toward higher‑margin products.
Gross‑profit margin rose 240 basis points to 29.2 %, a figure that reflects the favorable mix of high‑value solutions and the first‑phase cost savings from the expanded Latina and Fishers plants. Operating‑profit margin increased 260 basis points to 17.4 % on a reported basis, driven by the same mix shift and improved manufacturing efficiency, while the adjusted operating margin climbed 220 basis points to 18.5 %. These margin gains demonstrate that the company’s investment in capacity and product mix is translating into higher profitability.
Adjusted EBITDA reached €77.8 million, a 25.7 % margin, and net profit was €36.1 million. Diluted earnings per share of €0.13 beat consensus estimates of €0.12 by €0.01, or 8 %. The earnings beat was largely due to disciplined cost control and the strong contribution from the BDS segment, which offset a decline in the Engineering segment.
Comparing to the prior year, Q3 2024 revenue was €277.9 million and net income €30 million, so the current quarter shows a 9 % revenue increase and a 20 % rise in net profit. The BDS segment grew 12 % YoY, while Engineering revenue fell 5 %, illustrating the company’s successful pivot toward its high‑margin business lines.
Management reiterated its confidence in the fiscal‑2025 outlook, maintaining revenue guidance of €1.16 billion to €1.19 billion and adjusted EBITDA guidance of €288.5 million to €301.8 million. CEO Franco Stevanato said, “The quarter demonstrates the strength of our long‑term strategy and the impact of our high‑value solutions portfolio.” CFO Marco Dal Lago noted that foreign‑currency translation was a headwind, but the constant‑currency growth of 11 % confirms robust demand.
The market reacted positively, with analysts citing the earnings beat and margin expansion as evidence of operational resilience. The company’s focus on high‑value solutions and continued investment in capacity are seen as key drivers of its near‑term growth and long‑term competitive positioning.
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