Sartorius raises forecast for the full year of 2020
Stronger growth and higher profitability expected for the Bioprocess Solutions Division and the entire Group
Sartorius AG
For the Bioprocess Solutions Division, management now forecasts sales growth of 26% to 30% (previously 17% to 21%) and an underlying EBITDA margin of approximately 31% (previously around 30%). The outlook for Lab Products & Services remains unchanged, with sales revenue expected to grow by 10% to 14% at an underlying EBITDA margin of approximately 20% (all forecasts are based on constant currencies as in the past).
Due to the ongoing pandemic, this guidance is subject to greater uncertainty than usual. In particular, these updated projections are based on the assumptions that logistics chains will continue to be stable and production lines remain in operation.
In the first half of 2020, the Sartorius Group increased its order intake according to preliminary figures by 27.5% in constant currencies. Its sales revenue rose by 17.9% at an underlying EBITDA margin of 27.8%.
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