STRATEC SE : Q3 review - Slight top line guidance adjustment already well reflected
>Q3 review – Miss on top line, better on EBIT - Stratec’s Q3 revenues of € 62.7m (-11.0% y-o-y) were impacted by an organic decline of -9.1%. The sales performance was affected by the ongoing subdued developments in the molecular diagnostics instrumentation solutions market. Our forecast stood at € 67m. Adj. EBIT reached € 9.3m (-46% y-o-y, margin 14.8%), which was ahead of our forecast of € 8m. Margin development was negatively impacted by negative effects ...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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