Sartorius Stedim delivered another strong quarterly showing (+48/61.3% sales/EBITDA growth, respectively), trumping estimates on the top as well as the bottom line. However, the re-iterated guidance implies a very conservative end to FY21. Moreover, with pandemic tailwinds expected to persist in FY22, a mid-term (FY25) guidance upgrade is likely. We will upgrade our estimates to factor in the strong showing as well as quicker than expected mid-term execution.
25 Oct 2021
Solid Q3 21. Guidance surprisingly re-iterated leaving room for near and mid-term forecast upgrades.
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Solid Q3 21. Guidance surprisingly re-iterated leaving room for near and mid-term forecast upgrades.
- Published:
25 Oct 2021 -
Author:
Virendra Chauhan -
Pages:
3
Sartorius Stedim delivered another strong quarterly showing (+48/61.3% sales/EBITDA growth, respectively), trumping estimates on the top as well as the bottom line. However, the re-iterated guidance implies a very conservative end to FY21. Moreover, with pandemic tailwinds expected to persist in FY22, a mid-term (FY25) guidance upgrade is likely. We will upgrade our estimates to factor in the strong showing as well as quicker than expected mid-term execution.