PRESS RELEASE
SVAS GROWTH TREND ACCELERATES
DOUBLE DIGIT GROWTH IN CONSOLIDATED REVENUES
TO €43.8 MILLION (+13.6% YoY)
BORMIA GROUP REVENUES TO €6.5 MILLION
Somma Vesuviana (Naples) 5 August 2022 - The Board of Directors of Svas Biosana S.p.A., a leading player in the production and distribution of medical devices for public and private healthcare facilities, and listed on Euronext Growth Milan, met today to examine the consolidated revenues for the first half of 2022 (unaudited), which amount to €43.8 million, up by 13.6% on the same period of the previous year (approximately €38.6 million), with double digit growth in almost all the business lines in which the group operates.
The results of the individual business units may be summarised as follows:
Business Unit | Revenues | % | Revenues | % | 1H22 vs 1H21 | ||
1H2022 | total | 1H2021 | total | ||||
SVAS | 10.0 | 22.4% | 9.0 | 23.1% | 11.0% | ||
FARMEX | 14.0 | 31.4% | 13.2 | 33.9% | 6.2% | ||
MEDICAL | 4.5 | 10.2% | 3.9 | 10.1% | 15.3% | ||
MARK MEDICAL | 16.0 | 36.0% | 12.8 | 32.9% | 25.0% | ||
TOTAL AGGREGATE REVENUES | 44.6 | 100.0% | 38.9 | 100.0% | 14.4% | ||
Intercompany revenues | - | 0.7 | - | 0.3 | |||
TOTAL CONSOLIDATED REVENUES | 43.8 | 38.6 | 13.6% | ||||
These figures do not include the pro forma revenues of the Bormia Group, a leader in the supply of medical devices in the Balkans, which was acquired on 23 June 2022. In the first half of 2022, its revenues amounted to approximately €6.5 million.
According to Umberto Perillo, CEO of Svas Biosana S.p.A.: "We are fully satisfied with the revenues achieved in the first half of the year, which rose by 14% at consolidated level and recorded double-digitgrowth in almost all business units, confirming the group's strength and its clear strategic vision in a still highly volatile economic backdrop".
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SVAS BIOSANA S.p.A. | Registered Office | Correspondence | Headquarters and | Contacts |
Offices | ||||
Companies Register of | Via M. Perillo, 34 | Post Box 91 | Via Trentola, 7 | Tel. +390818995411 |
Naples no. 4543/85 | 80047 | 80049 | 80049 | Fax +390818993922 |
Economic and | San Giuseppe Vesuviano (NA) | Somma Vesuviana (NA) | Somma Vesuviana (NA) | www.svas.it |
Administrative Index no. | ||||
Tax Code 04720630633 | Italy | Italy | Italy | svasbiosana@legalmail.it |
VAT no. 01354901215 |
This press release can be found at the Company's registered office, at Borsa Italiana and in the Financial Releases section of the Company's website www.svas.it.
Svas Biosana uses the eMarket SDIR system, managed by Spafid Connect S.p.A., with registered office at Foro Buonaparte 10, Milan (www.emarketstorage.com), to disclose regulated information.
* * * * * * * *
Contacts:
SVAS Biosana S.p.A. | Euronext Growth Advisor |
Andrea Efficace | Banca Profilo |
Group CFO and Investor Relations Manager | Via Cerva 128, Milan |
+39 081.8995411 | +39 02.584081 |
alessiomuretti@bancaprofilo.it |
Investor Relations Advisor | Media Relations Advisor |
POLYTEMS HIR | POLYTEMS HIR |
Bianca FERSINI MASTELLONI - Silvia MARONGIU | Paolo SANTAGOSTINO |
06.69923324-066797849 | +393493856585 |
Specialist | |
Banca Profilo | |
+39 02.584081 |
Svas Biosana manufactures and distributes medical devices in Italy and abroad. Founded in 1972 in Somma Vesuviana (NA) by the Perillo family, SVAS is now an international company with a catalogue of approximately 16,000 own and third party brand products, roughly 390 employees, a Research and Development department, 3 production facilities in Italy and subsidiaries in Slovenia, Croatia, Serbia and Bosnia- Herzegovina.
Ticker: ISIN Ordinary Shares: IT0005469264 Ticker: ISIN Warrant SVAS BIOSANA 2021-2024: IT0005469157
SVAS BIOSANA S.p.A. | Registered Office | Correspondence | Headquarters and | Contacts |
Offices | ||||
Companies Register of | Via M. Perillo, 34 | Post Box 91 | Via Trentola, 7 | Tel. +390818995411 |
Naples no. 4543/85 | 80047 | 80049 | 80049 | Fax +390818993922 |
Economic and | San Giuseppe Vesuviano (NA) | Somma Vesuviana (NA) | Somma Vesuviana (NA) | www.svas.it |
Administrative Index no. | ||||
Tax Code 04720630633 | Italy | Italy | Italy | svasbiosana@legalmail.it |
VAT no. 01354901215 |
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Svas Biosana S.p.A. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 17:25:06 UTC.