Cost Transformation Initiative Expansion
Avantor announced the expansion of its cost transformation initiative, aiming to achieve $400 million in run rate savings by the end of 2027, up from the previous target of $300 million by 2026.
Order Book Strength in Bioprocessing
Avantor reported strong order intake in its Bioprocessing segment, with continued momentum and recovery, indicating robust end market fundamentals.
New Product and Distribution Agreements
The company signed new agreements with Abcam and Fuji Film Bovine Scientific to expand its product portfolio, adding thousands of SKUs to its Lab Solutions and Bioscience Production segments.
Adjusted EBITDA Margin Improvement
Adjusted EBITDA margin increased by 20 basis points year-over-year to 17%, driven by the multiyear cost transformation initiatives.