STRATEC SE : Optimism needs to be proved
>Q1 a weak start - Stratec’s Q1 2024 revenues of € 50.9m (-17.2% y-o-y) were impacted by a -15.7% decline at constant currencies), which were -17%/-18% below our and the consensus’ expectations. The first quarter was impacted by destocking as guided before, but the headwind was more severe than expected. The effect also came through on the bottom line as the adjusted operating profit of € 3.1m (-18% y-o-y, margin 6.2%) was also below expectations.Confide...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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