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Fagron (FAGR) investor relations material
Fagron Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue was €281.260m, up 23.2% reported and 19.5% at CER; organic growth at CER was 3.4%, led regionally by EMEA and Latin America.
9M revenue reached €833.743m, up 18.4% reported and 18.1% at CER, with 3.2% organic growth at CER.
FY 2026 revenue and adjusted EBITDA margin guidance was confirmed; stabilized IV bag supply is expected to support progressive Compounding Services recovery in Q4.
All announced acquisitions are closed and integration is on track, with full contribution expected in 2027.
Financial highlights
Q3 category revenue: Essentials €133.646m, up 47.4%; Brands €42.886m, up 13.3%; Compounding Services €104.727m, up 5.0%.
9M revenue was €833.743m versus €704.353m, up 18.4% reported and 18.1% at CER; organic growth at CER was 3.2%.
Management cited 6% year-to-date growth when normalizing for GLP-1 effects.
Injeplast revenue was described as a low-double-digit amount; its acquisition multiple was 6x–9x EBITDA, with margins in line with the group average.
Outlook and guidance
FY 2026 revenue guidance remains €1,125m–€1,150m, with adjusted EBITDA margin of 19.5%–20.0%.
FY 2026 CapEx is expected to be ~3.5% of revenue, excluding one-off projects; guidance assumes no significant changes in market conditions.
IV bag supply has stabilized; Compounding Services volumes are expected to recover progressively through Q4, with the business expected back at its Q1 2026 level during Q1 2027.
The pace of U.S. Compounding Services recovery depends on customer sales cycles and order commitments; 2027 is expected to be on track, supported by capacity and demand.
Medium-term objectives remain unchanged, and North America–Pacific is viewed as at an inflection point.
- Revenue up 16% to €552.5M, EBITDA €107.1M, net profit €46.5M, six acquisitions completed.FAGR
H1 2026 - Q1 2026 revenue up 10.3% to €263.4m, led by Latin America and robust M&A integration.FAGR
Q1 2026 TU - Revenue up 9.2%, margin and cash flow gains, and M&A drive positive 2026 outlook.FAGR
H2 2025 - Q3 2025 revenue up 6.4%, organic growth 8.5%, and FY 2025 outlook confirmed at €930–€950 million.FAGR
Q3 2025 TU - Double-digit revenue and profit growth, global expansion, and major capacity investment.FAGR
H1 2025 - Q3 2024 revenue up 12.1% with strong organic growth and three strategic acquisitions.FAGR
Q3 2024 - Double-digit growth, margin gains, and upgraded outlook driven by North American strength.FAGR
H1 2024 - Targets high single- to low double-digit organic growth and ~21% EBITDA margin by 2027.FAGR
CMD 2025 - Double-digit growth, margin expansion, and six acquisitions drive strong FY 2024 results.FAGR
H2 2024
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