Sartorius Stedim Biotech : Q3 review - Stabilisation seen, order intake better
>Q3 review – Results in line, order intake better - Q3 revenues of € 655m (-1.7% y-o-y, -1%/-1% vs ODDO BHF/consensus) were impacted by a constant-currency sales decline of -1.4% including 250bp coming from external growth. The order intake reached € 634m (+2.8% y-o-y) in the quarter, which was 6% higher than we had expected. The increase at constant currencies was +3.5%. The company highlighted that most customers are well progressing with their destocking programmes...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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