DiaSorin raises 2024 guidance slightly following Q2 results
Adds revenue and adj. core profit in paragraph 3-4, shares movement in 5
July 29 (Reuters) -Italian medical diagnostics group DiaSorin DIAS.MI raised its guidance slightly for 2024 after reporting on Monday a 9% rise in second-quarter adjusted core profit.
The company said it now expects revenue growth this year of between 6%-7% compared to previous guidance of 5%-7% growth, and sees its 2024 adjusted core profit margin at about 33% compared to a previous margin set at 32%-33%.
Its shares were trading down 2.4% at 101.85 euro by 1440 GMT but have risen around 10% this year.
Second quarter adjusted core profit totalled 102 million euros ($110.23 million), the company said.
The profit results do not include the company's revenue from its COVID-related diagnostics, which accounted for around 5 million euros in the second quarter.
Revenue net of COVID business rose 7% in the second quarter at constant exchange rates to 295 million euros mainly thanks to a good performance by its immunodiagnostic and molecular diagnostic businesses, it said.
Its adjusted core profit margin was 34% in the second quarter
($1 = 0.9253 euros)
Reporting by Alberto Chiumento; Editing by Susan Fenton
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
