STVNNYSESurgical & Medical Instruments & ApparatusUS GAAP · USD

Stevanato Group S.p.A.

Stevanato Group S.p.A. is an Italy-based healthcare packaging and device company that supplies drug containment, delivery, and diagnostic solutions to pharmaceutical, biotechnology, and life sciences customers. Its business combines specialty glass and plastic packaging, drug delivery systems, in-vitro diagnostic products, and engineering services across the drug development and commercial supply chain.

Liikevaihto1 186milj. USD
+7,4 %v/v
Liikevoitto (EBIT)199milj. USD
+23,4 %v/v
EBIT-marginaali16,8%
+2,2 %-yks.v/v
Nettotulos140milj. USD
+18,7 %v/v
Vapaa kassavirta22,3milj. USD
+115,2 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

02505007501 0001 250milj. USD2022: 984 milj. USD2022: EBIT 192 milj. USD20222023: 1 085 milj. USD2023: EBIT 201 milj. USD20232024: 1 104 milj. USD2024: EBIT 161 milj. USD20242025: 1 186 milj. USD2025: EBIT 199 milj. USD20251 186199
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Drug Containment Solutions40 %

Primary packaging such as vials, cartridges, syringes, and related containment products for injectable drugs.

Biopharmaceutical and Diagnostic Solutions35 %

Drug delivery, diagnostic, and other healthcare solutions sold to pharma and diagnostics customers.

Engineering15 %

Custom machinery, line integration, and customer-specific construction projects for pharmaceutical production.

In-Vitro Diagnostic Solutions10 %

Diagnostic components and related products used in laboratory and testing workflows.

Asiakkaat

Stevanato sells to pharmaceutical, biotechnology, and life sciences companies that need high-integrity primary packaging and delivery systems. It also serves diagnostics customers and drug manufacturers that require custom engineering, technical collaboration, and validated supply capability across development and commercial production. End markets highlighted in the reports include biologics, vaccines, insulin, small molecules and generics, and molecular diagnostics.

Pharmaceutical manufacturers

Buy vials, syringes, cartridges, and delivery systems for commercial drug supply.

Biotechnology and biologics companies

Buy containment and delivery solutions for biologics, including high-value injectable therapies.

Diagnostics companies

Buy in-vitro diagnostic products and components used in testing workflows.

Contract manufacturing and drug developers

Buy engineering services and integrated solutions for development and scale-up.

End-market drug categories

Exposure to vaccines, insulin, small molecules, generics, and molecular diagnostics demand.

Strategia

Stevanato Group focuses on integrated solutions that preserve drug integrity, reduce time to market, and lower total cost of ownership for customers. Its strategy is built around co-developing products with customers, leveraging scientific and engineering capabilities, and participating across both direct markets such as drug containment and end markets such as biologics and diagnostics.

Integrated end-to-end healthcare solutionsKeskipitkä aikaväli

Customers value suppliers that can support packaging, delivery, diagnostics, and engineering together.

Customer collaboration and product developmentKeskipitkä aikaväli

Co-development helps secure long-term programs and tighter technical integration with pharma customers.

Expansion in biologics and other end marketsPitkä aikaväli

These end markets drive demand for advanced containment and delivery solutions.

Maantiede

The group is headquartered in Piombino Dese, near Padua, Italy, and operates as an Italian multinational with a global customer base. Its manufacturing and commercialization footprint serves pharmaceutical and diagnostics customers across major healthcare markets, with business exposure tied to where injectable drugs and diagnostic products are developed and produced. The reports do not provide an authoritative revenue-by-country split in the supplied excerpts.

Riskit

The business depends on pharmaceutical development cycles, customer qualification, and the adoption of specific drug formats, which can delay projects or shift demand across product categories. It also faces manufacturing, quality, and supply-chain execution risk because its products are tightly integrated into regulated healthcare supply chains. Accounting estimates around variable consideration, contract assets/liabilities, and impairment testing can materially affect reported results when projects change or customer volumes move.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Customer program timing and qualification delays1Manufacturing quality and regulatory compliance2Project execution on customer-specific construction contracts3Demand mix shifts in biologics, vaccines, and GLP-related products4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Customer program timing and qualification delaysVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Customers buy validated packaging and delivery systems tied to drug development and launch milestones.

    Kohdistuu: Drug containment and engineering projects

  2. Manufacturing quality and regulatory complianceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Products are used in sterile and regulated healthcare applications, where defects can disrupt customer supply.

    Kohdistuu: Primary packaging and drug delivery systems

  3. Project execution on customer-specific construction contractsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Engineering revenues depend on delivery, scope control, and milestone achievement on custom contracts.

    Kohdistuu: Engineering segment

  4. Demand mix shifts in biologics, vaccines, and GLP-related productsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company’s end markets can change as drug pipelines, launches, and therapeutic preferences evolve.

    Kohdistuu: End-market demand

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Engineering contracts use over-time recognition while product sales may be recognized at delivery.

Vaikutus: Affects quarterly revenue and working capital balances

Variable consideration

Management estimates expected rebates or adjustments using updated information.

Vaikutus: Can change reported sales and margins

Contract assets and liabilities

Customer-specific construction and diagnostic activities create timing differences between billing and revenue.

Vaikutus: Affects balance sheet and cash conversion

Impairment testing

Goodwill and non-current assets require judgment when indicators arise.

Vaikutus: Could create non-cash charges if assumptions weaken

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026