Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Sartorius Q1 Adj. Profit Improves; Reaffirms 2012 Outlook - Quick Facts

Sartorius (SDMHF.PK) said its first-quarter adjusted consolidated net profit after non-controlling interest, excluding non-cash amortization and valuation of hedging instruments, surged to 14.2 million euros or 0.83 euros per share from 10.6 million euros or 0.62 euros per share in the same quarter a year earlier.

Sales revenue for the three-month period climbed to 208.1 million euros from 172.1 million euros in the previous year.

Order intake for the quarter was 220 million euros versus 193.5 million euros a year ago.

Going ahead, based on the company's first-quarter performance, management confirms its guidance for sales and earnings growth for the current fiscal year. The company thus anticipates that full-year sales will grow by about 10% in constant currencies. Around five percentage points of this gain are forecast to be generated by the initial consolidation of the Biohit liquid handling business. Besides, management continues to project that operating EBITA will likewise increase by around 10%.

Click here to receive FREE breaking news email alerts for Sartorius AG and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
After moving modestly higher in morning trading, stocks showed a substantial move to the downside over the course of the trading day on Wednesday. The major averages pulled back well off their highs for the session, sliding firmly into negative territory. Ebola "czar" Ron Kain is scheduled to meet with President Barack Obama on Wednesday as he begins his efforts to coordinate the government's response to the deadly disease. Klain, who previously served as chief of staff to Vice President Joe Biden and then-Vice President Al Gore, was named as Ebola Response Coordinator last Friday. Potentially complicating the outlook for control of the Senate, the results of a SurveyUSA poll conducted for WXIA-TV in Atlanta suggest that the Georgia Senate race between Republican David Perdue and Democrat Michelle Nunn could be headed for a runoff.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.