- Adjusted EBITDA for Sartorius in the first quarter was EU234 million, missing the estimated EU240 million.
- The Adjusted EBITDA margin was 28.6%, slightly higher than the estimated 28.3%, but down compared to 30.1% year-on-year.
- The Adjusted net income came in at EU69.9 million, a decline of 40% year-on-year and lower than the estimated EU74.2 million.
- Sartorius reported orders of EU826.3 million, marking an 8% increase year-on-year.
- Sales decreased by 9.2% year-on-year to EU819.6 million, falling short of the estimated EU859 million.
- For the year, Sartorius expects the adjusted Ebitda margin to be above 30%, in line with the estimate of 30.7%.
- The capital expenditure as a percentage of revenue is projected to be around 13% for the year.
- Sales are anticipated to increase in the mid to high single-digit percentage range in 2024 as confirmed by the management.
- Sartorius’ management still sees a moderate first half of 2024, with increasing business momentum expected throughout the year.
- The CEO of Sartorius, Joachim Kreuzburg, has confirmed these forecasts, stating they saw a subdued start to the financial year with a mixed overall outlook in the first quarter.
A look at Sartorius AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Investors looking at Sartorius AG for the long-term may find a mixed bag of Smart Scores, with the company scoring a 4 in Momentum, indicating strong positive price trends. With a score of 3 in Growth, Sartorius AG shows promising potential for expansion in the future. However, the company scored lower in other areas, with a 2 in Value, Dividend, and Resilience. This suggests that Sartorius AG may not be currently seen as a value investment and may have limited dividend payouts and resilience to economic fluctuations.
Sartorius AG, a manufacturer of precision electronic equipment and components, focuses on producing scales for laboratory and industrial applications, as well as equipment for various biological and microbial processes. Despite its global presence in marketing products worldwide, the company’s Smart Scores indicate a mix of positive and challenging aspects for its long-term outlook. Investors may want to consider the company’s momentum and growth potential alongside its valuation, dividend offerings, and resilience to market changes when evaluating investment opportunities.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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