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Sartorius Stedim: H1 EPS down 40%

( - Sartorius Stedim Biotech has reported a 40.
4% drop in H1 2023 EPS at E2.62, with recurrent EBITDA of E415.7m, i.e. a margin of 29.7%, vs. 35.2% a year ago.

The supplier of products and services to the pharmaceutical industry announced sales that are down 18.7% at E1.4bn, i.e. down 19.6% in organic terms at constant exchange rates, with an 18.5% decrease including acquisitions.

Acknowledging that significant uncertainties surrounding the global political and economic situation remain, the group has nevertheless confirmed its FY sales and profitability forecasts.

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