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SARTORIUS AG : The next warning, mid-term guidance will be cut, LPS with strong headwind
>Very weak third quarter - Q3 revenues totalled € 882m (-16% y-o-y), which were a miss of -8%/-7 vs ODDO BHF/consensus. The constant currencies decline in Q3 was at c. -18% compared to our forecast of -11%. The preliminary underlying EBITDA in the third quarter reached a level of € 216m (-39% y-o-y, margin 26.7%), which is -17%/-15% below our and the consensus’ expectations. Profitability was impacted by the lower volume development and product mix effects....
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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