Sartorius Reports Decline in Net Profit and Earnings Per Share

Sartorius has released its nine-month financial results, showcasing a decline in both net profit and earnings per share compared to the previous year, despite a notable increase in order intake. The company's management has reaffirmed its guidance for the remainder of the fiscal year.

Date: 17-10-2024

AI Rating: 5

Sartorius's latest report shows a decline in net income, falling to 208 million euros from 274 million euros in the prior year. This represents a drop of approximately 24%. Additionally, earnings per share (EPS) have also decreased from 4.00 euros to 3.01 euros, indicating a significant reduction in profitability on a per-share basis.

Despite the negative trends in net income and EPS, there is a positive note regarding revenue growth. The company experienced a decline in sales revenue of 2.0% in constant currencies, totaling 2.47 billion euros. However, order intake saw a significant increase of 6.6% in constant currencies amounting to 2.33 billion euros. This uptick in orders may suggest a potential for recovery in sales in the upcoming periods.

Management's confirmation of guidance for the full year could signal confidence in future performance, despite the current setbacks in net profit and revenue.

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