Index Investing News
Friday, May 30, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Sartorius downgrades 2023 outlook amid lower sales and earnings By Investing.com

by Index Investing News
October 13, 2023
in Stocks
Reading Time: 2 mins read
A A
0
Home Stocks
Share on FacebookShare on Twitter


© Reuters.

German life science firm, Sartorius, has revised its outlook for 2023, following lower preliminary sales and earnings for the first nine months of the year. The company now expects a sales decline of approximately 17%, which is an increase from its previous forecast in the low to mid-teens percentage range. This aligns with the InvestingPro Tip that analysts anticipate a sales decline for the current year.

The firm also reduced its forecast for the underlying EBITDA margin to slightly above 28%, a decrease from an initial estimate of around 30%. Preliminary results show a consolidated revenue decrease of about 16% to €2.5 million ($2.6 million), and shifts in volume and product mix have led to a drop in the underlying EBITDA margin to €733 million. According to InvestingPro data, the company’s revenue for LTM2023.Q2 stood at 4200.79M USD, with revenue growth of -0.79 %.

Despite these setbacks, Sartorius is projecting profitable growth for next year. This optimism is supported by the InvestingPro Tip that analysts predict the company will be profitable this year. The firm will provide quantitative guidance along with the full-year results for 2023 in January, at which point it will also revise its midterm targets.

The company is slated to release its nine-month results on Wednesday, October 19. InvestingPro data indicates that the next earnings date is indeed set for 2023-10-19. The current market cap (adjusted) for Sartorius is $17.32 billion, and it is trading with a P/E ratio of 24.22.

For more details and insightful tips, readers can explore InvestingPro’s premium offerings, which include a comprehensive list of 15 tips for Sartorius. These tips provide a deeper understanding of the company’s financial health and market position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.



Source link

Tags: downgradesEarningsInvestingcomoutlooksalesSartorius
ShareTweetShareShare
Previous Post

Hamas fighters carried detailed maps of Israeli targets – WSJ — RT World News

Next Post

Raising awareness can prevent stillbirths

Related Posts

Why I Imagine Tesla Will Quickly Grow to be Unprofitable (NASDAQ:TSLA)

Why I Imagine Tesla Will Quickly Grow to be Unprofitable (NASDAQ:TSLA)

by Index Investing News
May 30, 2025
0

This text was written byComply withHello there, welcome to my profile. My identify is Eugenio Catone, I reside in Italy...

Is the Subscription Definitely worth the Price?

Is the Subscription Definitely worth the Price?

by Index Investing News
May 30, 2025
0

For critical buyers, real-time info and knowledgeable insights could make the distinction between commerce and a fantastic one. CNBC Professional...

Salesforce, Inc. (CRM) Jefferies Public Know-how Convention (Transcript)

Salesforce, Inc. (CRM) Jefferies Public Know-how Convention (Transcript)

by Index Investing News
May 29, 2025
0

Salesforce, Inc. (NYSE:CRM) Jefferies Public Know-how Convention Could 29, 2025 3:00 PM ET Firm Contributors Invoice Patterson - EVP, Company...

Nvidia Inventory’s Put up-Earnings Bump May Not Final (NVDA)

Nvidia Inventory’s Put up-Earnings Bump May Not Final (NVDA)

by Index Investing News
May 29, 2025
0

This text was written byObservePresently main analysis at Leverage Shares, I've longstanding skilled expertise with monetary markets. All views are...

GGN.PR.B: An Engaging Charges Play From This CEF (NYSE:GGN.PR.B)

GGN.PR.B: An Engaging Charges Play From This CEF (NYSE:GGN.PR.B)

by Index Investing News
May 29, 2025
0

This text was written byObserveWith an funding banking money and derivatives buying and selling background, Binary Tree Analytics ('BTA') goals...

Next Post
Raising awareness can prevent stillbirths

Raising awareness can prevent stillbirths

Jeff Bezos buys his Florida neighbor’s mansion for M

Jeff Bezos buys his Florida neighbor’s mansion for $79M

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Apparel Flipbook – B-Stock Solutions

Apparel Flipbook – B-Stock Solutions

September 30, 2022
UK public sector borrowing more than doubles in December

UK public sector borrowing more than doubles in December

January 24, 2023
What’s Your Consumer’s Optimum Fairness Allocation?

What’s Your Consumer’s Optimum Fairness Allocation?

July 17, 2024
2:00PM Water Cooler 4/8/2022 | bare capitalism

2:00PM Water Cooler 4/8/2022 | bare capitalism

April 9, 2022
Trevor Bauer rejected again; Bob Melvin puts politics back into national anthem; MLB pitchers are now like NFL RBs

Trevor Bauer rejected again; Bob Melvin puts politics back into national anthem; MLB pitchers are now like NFL RBs

April 7, 2024
Shark tank fame Namita Thapar shares an emotional Mirza Ghalib shayari put up Emcure IPO’s sturdy itemizing

Shark tank fame Namita Thapar shares an emotional Mirza Ghalib shayari put up Emcure IPO’s sturdy itemizing

July 11, 2024
Donald Trump: Is Trump behind militia of 75 armed residents in New York?

Donald Trump: Is Trump behind militia of 75 armed residents in New York?

July 11, 2024
Who will win today’s PKL match 33, and telecast details

Who will win today’s PKL match 33, and telecast details

October 22, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In