Report
Michael Waterhouse
EUR 98.48 For Business Accounts Only

BioMerieux's molecular diagnostics division remains an impressive near-term growth driver.

We plan to revisit our growth assumptions for BioMerieux after the company posted surprisingly strong first-quarter results. Even though a few temporary factors, including FilmArray’s benefit from a more virulent flu season, make this quarter’s results potentially difficult to extrapolate, underlying performance appeared strong, regardless. The changes may increase our fair value estimate, but we plan on leaving our narrow moat rating intact.
Excluding a large 2.6% currency benefit in the quarte...
Underlying
BioMerieux SA

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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We have operations in 27 countries.

Analysts
Michael Waterhouse

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