Sartorius Stedim Biotech : Q2 review – New guidance range consists of safety margin
>Q2 review – Results in line with expectations - Q2 revenues of € 706m (+4.5% y-o-y, 0%/1% vs ODDO BHF/consensus) were supported by a constant currency sales increase of 4.7% including 260bp coming from external growth. Sartorius Stedim Biotech continued to be impacted by destocking. Order intake of € 584m (+8.0% y-o-y) was 10.8% below our expectations. We rate the development of the order book as hard to interpret due to changing ordering pattern of customers. Adj. E...Sartorius Stedim Biotech is a provider of equipment and services for the development, quality assurance and production processes of the biopharmaceutical industry. Co.'s solutions cover fermentation, filtration, purification, fluid management and lab technologies and membrane chromatography, including various conventional lab products to biopharmaceutical laboratories. Co.'s technologies, products and services are used to develop and manufacture medications and vaccines using biological methods. Co.'s products covers all upstream and downstream steps in the production of active pharmaceutical ingredients. It specializes in single-use products and offers technical consulting and services.
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.
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