{"id":38855,"date":"2023-07-21T19:56:37","date_gmt":"2023-07-21T23:56:37","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/sartorius-backs-2023-view\/"},"modified":"2023-07-21T19:56:38","modified_gmt":"2023-07-21T23:56:38","slug":"sartorius-backs-2023-view","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=38855","title":{"rendered":"Sartorius Backs 2023 View"},"content":{"rendered":"
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By Adria Calatayud<\/pre>\n
Sartorius said Friday that second-quarter net profit fell on sales that took a hit from weaker demand in both its bioprocess and laboratory-products divisions, and confirmed its recently downgraded outlook for 2023.<\/p>\n
The German life-sciences group said net profit for the second quarter was 95.0 million euros ($105.7 million) compared with EUR165.8 million in the year-earlier period.<\/p>\n
\n
Revenue for the quarter dropped to EUR832.0 million from EUR1.04 billion a year before, with a 19% fall in bioprocess solutions and a 13% decline in lab products and services. Order intake for the quarter was down by a third at EUR684.8 million.<\/p>\n
Sartorius’s quarterly underlying earnings before interest, taxes, depreciation and amortization fell 30% to EUR244.7 million.<\/p>\n
The company said its outlook for the year remains unchanged after it issued a profit warning last month, citing a postpandemic slump in demand.<\/p>\n
Write to Adria Calatayud at adria.calatayud@dowjones.com<\/p>\n
<\/pre>\n<\/p><\/div>\n<\/div>\n
Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
By Adria Calatayud Sartorius said Friday that second-quarter net profit fell on sales that took a hit from weaker demand in both its bioprocess and laboratory-products divisions, and confirmed its recently downgraded outlook for 2023. The German life-sciences group said net profit for the second quarter was 95.0 million euros ($105.7 million) compared with EUR165.8 […]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-38855","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nSartorius Backs 2023 View | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Adria Calatayud Sartorius said Friday that second-quarter net profit fell on sales that took a hit from weaker demand in both its bioprocess and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=38855\" \/>\n<meta property=\"og:locale\" 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