Report
Oliver Metzger

SARTORIUS AG : Q2 review – No turn for the better in sight

>Results in line with low expectations - Q2 revenues of € 832m (-19.6% y-o-y) came in below expectations. The miss was 9%/8% vs ODDO BHF/consensus (Visible Alpha). The decline at constant currencies was -33.5%. While the Covid-related revenues declined almost completely, the underlying decline was in the upper -single digit range in the first half. Order intake was only € 685m (-35.2% y-o-y, -11%/-14% below expectations). Group underlying EBITDA reached € 245m (-30.0%...
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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