Procaps Group SA Reports 5.1% Increase in Net Revenues to $423.7 Million for 2023; Constant Currency Basis Shows 5.7% Growth
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Procaps Group SA reported a 5.1% increase in net revenues to $423.7 million for 2023, with a constant currency growth of 5.7%. The revenue growth was driven by demand in strategic segments, particularly CASAND and Procaps Colombia, alongside new product introductions. Procaps Colombia's revenue rose by 4.5% to $148.7 million, with a slight increase in gross profit. The company continues to assess currency exchange impacts on its financial performance, providing both IFRS and constant currency results for investor evaluation.
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