Report
Martial Descoutures

SARTORIUS AG : Q1 due 21 Apr – Comparing against a high base on orders

>Expecting a solid Q1, but orders to be down y-o-y - Q1 will have been driven by strong underlying momentum albeit against a higher basis. We forecast sales growth of 22% y-o-y (+18% y-o-y excl. FX) with the adj. EBITDA margin estimated to be up 20bp y-o-y (adj. EBITDA +23% y-o-y). The main driver will have been BPS (+24% y-o-y on sales, adj. EBITDA), with LPS estimated to have shown a solid performance (+15% y-o-y on sales, +16% y-o-y on adj. EBITDA). Order intake in...
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
Martial Descoutures

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