Report
SARTORIUS AG : Some stabilisation, but sales and order intake below expectations
>Stabilisation of revenues, sequential improvement of order intake continues - Q1 revenues of € 820m (-9.3% y-o-y, -5%/-5% vs ODDO BHF/consensus) were impacted by a constant currency decline of 7.6% including 200bp coming from external growth. Sartorius continued to be impacted by destocking. Order intake of € 826m (-5.6% y-o-y) was -6%/-7% below expectations. We rate the development of the order book as still negative given the ongoing headwind. Adj. EBITDA of € 234m...
Underlying
Sartorius AG Pref
Provider
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.
Oliver Metzger
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