Stevanato Group reports Q4 adjusted EPS EUR0.18 vs. EUR0.17 last year

Reports Q4 revenue EUR292.1M vs. EUR232.6M last year. CEO Franco Moro stated, "We are pleased with a strong finish to 2022, thanks to the collective efforts of our employees worldwide. Over the last 18 months, we have worked alongside customers to address their growing need for high value solutions. With this added visibility, future capacity demand in the United States and Europe has outpaced our initial expectations. As a result, we are accelerating investment in the United States to meet our customers’ most pressing needs and capitalize on this favorable demand. Concurrently, we are slowing the timing of our project in China to prioritize our expansion efforts in the U.S. and Italy."