Procaps Group (PROC) Reports Q1 Revenue of $84M, EBITDA of $9M

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Procaps Group Reports First Quarter 2023 Results

June 5, 2023 7:45 PM EDT

MIAMI and BARRANQUILLA, Colombia, June 05, 2023 (GLOBE NEWSWIRE) -- Procaps Group, S.A. (NASDAQ: PROC) (Procaps), a leading integrated international healthcare and pharmaceutical services company, today announced its 1Q23 financial results.

We are executing on our value creation initiatives and capturing meaningful savings as we build a solid foundation and transition toward new paths for growth and shareholder value, said Rubén Minski, CEO of Procaps.

Financial Highlights 1Q23

Net revenues totaled $84 million for 1Q23, impacted mainly by... More