Sales growth accelerated further in Q3 as immunoassays returned into the black after five consecutive quarters of negative lfl growth. Sustained demand for FilmArray and a pick-up in sales in industrial applications bolstered growth further. Despite this sales beat, management has turned cautious with its FY19 sales outlook – tough comps and heightening competition signals sales deceleration in Q4. With top-line growth momentum fading away, bioMerieux could now take the inorganic route

23 Oct 2019
FY19 outlook slashed despite sales acceleration in Q3

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FY19 outlook slashed despite sales acceleration in Q3
Sales growth accelerated further in Q3 as immunoassays returned into the black after five consecutive quarters of negative lfl growth. Sustained demand for FilmArray and a pick-up in sales in industrial applications bolstered growth further. Despite this sales beat, management has turned cautious with its FY19 sales outlook – tough comps and heightening competition signals sales deceleration in Q4. With top-line growth momentum fading away, bioMerieux could now take the inorganic route