Sartorius shares surge after reaffirming full-year guidance By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 17 2024
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Source: Investing.com
Sartorius' Market Performance: Shares of Sartorius rose 13.4% after the company reaffirmed its full-year guidance despite a 2.0% drop in sales revenue for the first nine months of 2024, indicating strong order intake and demand recovery in the consumables sector.
Challenges and Outlook: The company faces challenges, particularly in its Lab Products & Services division due to weak markets in China, but maintains a robust profitability with an underlying EBITDA margin of 27.7%, expecting to meet its full-year targets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
