STRATEC SE : Q1 review – weak start as expected
>Q1 review - Stratec’s Q1 revenues of € 60.5m (-19.8% y-o-y) were impacted by an organic decline of -20.7% and forex tailwind of 90bp. The weak start was already predicted as our forecast stood at € 60m and we expected an organic decline of 20%. The sales performance was affected by the previous year’s high basis of comparison for molecular diagnostic product lines (including service parts) on account of the pandemic. Hence, due to stock optimisation measures one cust...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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