Sartorius announced soft Q2 23 numbers, missing estimates.
Sales declined by 17.5% while order intake fell by 33.5%. However, the management’s confidence in returning to growth in Q3/Q4 led to a 9% rebound in the share price late in the session. The FY23 outlook, re-iterated by the company, projects a low-to-mid teens sales decline and an EBITDA margin of ~30%. The broad-based pressure is expected to ease, and the recently-downgraded guidance appears achievable with order book growth set to re ....
21 Jul 2023
A soft Q2 showing overshadowed by positive management commentary
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A soft Q2 showing overshadowed by positive management commentary
Sartorius announced soft Q2 23 numbers, missing estimates.
Sales declined by 17.5% while order intake fell by 33.5%. However, the management’s confidence in returning to growth in Q3/Q4 led to a 9% rebound in the share price late in the session. The FY23 outlook, re-iterated by the company, projects a low-to-mid teens sales decline and an EBITDA margin of ~30%. The broad-based pressure is expected to ease, and the recently-downgraded guidance appears achievable with order book growth set to re ....