Faes Farma (ES:FAE) has released an update.
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Faes Farma’s General Shareholders’ Meeting has approved all board proposals, including the appointment of Eduardo Recoder de la Cuadra as executive director and the director remuneration policy for 2025-2027. Shareholders were informed of a 10% decrease in share value in 2023 but were also promised cash dividends totaling 0.155 euros per share. The company celebrated historical results in 2023 with a consolidated profit of 91.7 million euros and forecasts continued revenue and EBITDA growth for 2024.
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