Sartorius Stedim reported soft Q3 22 numbers with revenue growth of 7.8% on a cc basis, vs the double-digit growth posted in the last few quarters causing the stock to dive by 16%+ following the announcement.
The firm cut its FY22 top-line growth outlook to the lower half of the previous 15-19% range while re-iterating its EBITDA margin expectation of >35%. We will trim our estimates to reflect the weak Q3 performance and the muted growth in the order book.
28 Oct 2022
Q3 22: Single-digit growth spooks investors
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Q3 22: Single-digit growth spooks investors
- Published:
28 Oct 2022 -
Author:
Virendra Chauhan -
Pages:
3
Sartorius Stedim reported soft Q3 22 numbers with revenue growth of 7.8% on a cc basis, vs the double-digit growth posted in the last few quarters causing the stock to dive by 16%+ following the announcement.
The firm cut its FY22 top-line growth outlook to the lower half of the previous 15-19% range while re-iterating its EBITDA margin expectation of >35%. We will trim our estimates to reflect the weak Q3 performance and the muted growth in the order book.