Report
Oliver Metzger

SARTORIUS AG : A wondrous market + a leading global player = double-digit sales growth

>An appealing growth profile at attractive valuations - We increase our FY 2022 forecast by 3% on sales, 6% on adj. EBITDA even though our coronavirus-related sales forecast declines to € 400m from € 500m before (still estimating c. +18% y-o-y sales growth for BPS). This is due to FX tailwinds. Market dynamics look strong. Q2 will have been a solid quarter (21.0% sales growth incl. FX of +5%; 34.1% margin) according to our model. We expect FY guidance to be reiterated...
Underlying
Sartorius AG Pref

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Oliver Metzger

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