STRATEC SE : Diagnostic rocks - again a strong quarter and guidance raised
>Strong momentum continues - Stratec reported preliminary 9M results. Q3 revenues of € 69.6m (+16.6% y-o-y) were 7% ahead of our expectations. Q3 organic growth was 16.7%, driven by robust momentum in particular at the service and consumables business as well as molecular diagnostics and immunohematology systems. The company reported strong growth over the first nine months, which continued to be driven by high demand for diagnostics products relating to the COVID-19...STRATEC Biomedical designs and manufactures automation solutions and technologies for use mainly in in-vitro diagnostics (IVD) and in other regulated markets. IVD refers to those diagnostics activities performed outside the body in a glass or in test receptacles in a laboratory. Co. operates through two segments: Instrumentation and All Other. In the Instrumentation segment, Co. designs and manufactures fully automated analyzer systems for its clinical diagnostics and biotechnology customers. In its all other segment, Co. develops workflow software for networking several analyzer systems and develops and sells scientific materials and technologies such as nucleic acid purification.
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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