Italy · Delayed Price · Currency is EUR DiaSorin Earnings Call Transcripts
Fiscal Year 2025
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2025 saw modest revenue growth and strong immuno performance, offset by China headwinds and FX impacts. 2026 guidance is for 5%-6% revenue growth and 32%-33% EBITDA margin, with growth back-loaded due to weak H1 flu season and tough comps.
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Revenues grew 3% year-over-year to EUR 900 million, with core business up 6% at constant FX. Immuno and molecular segments showed solid growth outside China, while LTG faced life science headwinds. 2025 guidance was revised to 5% ex-COVID revenue growth and 33% EBITDA margin.
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H1 2025 saw 5% revenue growth to EUR 619 million, with core business up 8% at constant FX and EBITDA margin at 35%. Immunodiagnostics and Molecular Diagnostics segments delivered strong growth, while China faced double-digit declines. 2025 guidance for 8% core revenue growth and 34% EBITDA margin is confirmed.
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Q1 2025 saw 8% revenue growth and a 34% EBITDA margin, driven by strong immunodiagnostics and molecular segments, while COVID sales declined as expected. U.S. growth outpaced Europe, China remained challenging, and guidance for 2025 was confirmed.
Fiscal Year 2024
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2024 saw solid revenue and margin growth, driven by strong U.S. and European immunoassay and molecular performance, with ex-COVID business up 7%. Guidance for 2025 targets 8% ex-COVID revenue growth and higher EBITDA margin, while China remains a headwind and U.S. market outlook is robust.
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Q3 saw double-digit ex-COVID growth, with strong immuno and molecular performance, especially in the U.S. and Europe. Guidance for 2024 was raised, with continued challenges in China and LTG instrument sales, but robust cash flow and margin improvement support a positive outlook.
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Q2 2024 delivered strong ex-COVID growth, led by immunoassay and molecular diagnostics, with robust US and European performance. Guidance for 2024 was raised, expecting 6–7% ex-COVID revenue growth and a 33% EBITDA margin, while new platforms like LIAISON Plex are gaining traction.