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Provider: Reuters Investment Profile
Provider: GlobalData

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Sartorius Stedim Biotech SA Confirms FY 2013 EBITDA Margin and Sales Revenue Guidance

Sunday, 20 Oct 2013 08:00pm EDT 

Sartorius Stedim Biotech SA announced that it confirmed its earnings forecast for fiscal year 2013. This forecast projects an increase in the Group's underlying EBITDA margin to around 19.5% based on constant currencies (cc). Consolidated sales revenue is expected to increase approx. 7% in constant currencies, within the growth corridor of 6% to 9% communicated at the beginning of the year, but not quite reach the upper half of this corridor as forecasted at mid-year. The Company reported fiscal year 2012 revenue of EUR 544 million. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 602.63 

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