Italy's Recordati confirms guidance after robust Q1 performance
May 9 (Reuters) -Italian drug maker Recordati RECI.MI posted a 10.5% rise in its first-quarter core profit on Thursday and confirmed its guidance for 2024 and 2025.
The company said it had seen a "robust performance... across all key geographies and products".
Interest, taxes, depreciation and amortisation (EBITDA) rose to 244.0 million euros ($262 million) with a margin of 40.2% for the January-March quarter, the Milan-based company said.
It confirmed its outlook for 2024 and 2025, which includes an EBITDA margin around 37% each year.
Recordati's majority-stakeholder CVC Capital Partners has hired JP Morgan and Goldman Sachs to explore options for the company, according to sources close to the matter.
($1 = 0.9322 euros)
Reporting by Enrico Sciacovelli; editing by Jason Neely
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