Sartorius Stedim Biotech Revises 2024 Guidance

Sartorius Stedim Biotech (FR:DIM) has released an update.

Sartorius Stedim Biotech, amid a volatile market, reports a slight decline in sales revenue by 1.2% in constant currencies for H1 2024, adjusting its full-year guidance to prior-year levels. The company sees a decrease in underlying EBITDA by 6.8% and a more conservative outlook due to mixed industry demand and geopolitical uncertainties, despite a robust equity ratio and reduced net debt. They maintain positive long-term prospects for the life science and biopharmaceutical markets without altering their medium-term targets up to 2028.

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