Sartorius cuts annual profit margin outlook on lower lab equipment demand

Sartorius AG

18/07/2024 17:41

GDANSK, July 18 (Reuters) - Pharmaceuticals supplier
Sartorius  SATG.DE   STDM.PA  cut its 2024 profit margin outlook
on Thursday as it sees lower demand for lab equipment in the
second half of the year. 
    The German-French company now expects its underlying
earnings before interest, taxes, depreciation and amortisation
(EBITDA) margin to be between 27% and 29%, down from the 30%
expected earlier. 
    

 (Reporting by Andrey Sychev; Editing by Kirsten Donovan)
 ((andrey.sychev@thomsonreuters.com;))