Bachem slides after results a notch under expectations

BACHEM HOLDING AG

07/03/2023 08:28

** Bachem  BANB.S  shares fall 7% following the Swiss
biotech supplier's FY results, falling short of market
expectations
    ** The Swiss company reported an EBITDA margin of 30.2%,
slightly under market expectations of 30.8% according to
Vontobel
    ** "Bachem released slightly lower FY22 results, which met
neither market expectations nor our lower estimates" Vontobel
notes
    ** Bachem falls to the bottom of Switzerland's midcaps index
 .MDAXI , and are on track for their worst day since last August


 (Reporting by Tristan Chabba)
 ((Tristan.chabba@thomsonreuters.com))