Sartorius, a German pharmaceutical and laboratory equipment supplier, reported preliminary consolidated sales revenue of around 2.546 billion euros in the first nine months of 2023, representing a decline of around 16 percent in constant currencies basis or decline of 18 percent in reported basis.
The preliminary underlying EBITDA margin decreased mainly due to volume and product mix effects to 733 million euros compared to 1.05 billion euros in the prior year. The resulting margin reached around 29 percent compared with 33.8 percent in theprior-year period.
Sartorius cut its guidance for fiscal 2023.
Group sales revenue is expected to decline by around 17 percent; excluding Covid-19-related business, revenue would decline by around 12 percent. Previously, it was expected that sales revenue would decline in the low to mid-teens percentage range; excluding Covid-19-related business, revenue would decline in the mid to high single-digit percentage range.
Due to lower volume expectations and product mix effects, Sartorius now expects an underlying EBITDA margin of slightly above 28 percent, after previously forecasting a margin of around 30 percent.
The company confirmed its fundamentally positive medium- and long-term market outlook and continues to see itself in a strong competitive position.
For 2024, the company expects profitable growth and will issue quantitative guidance with the release of the 2023 full-year figures next January. Its mid-term ambition is currently under review and an update will also be provided in January 2024.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
For comments and feedback contact: editorial@rttnews.com
Business News
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.