Sartorius slips in early trade after guidance cut

Sartorius AG

19/07/2024 07:47

** Shares in Sartorius  SATG.DE  were down around 7% in
Frankfurt early trade after the pharmaceutical equipment
supplier cut its full-year guidance
    ** The guidance cut was "much worse than expected", a local
trader says after the company lowered outlook on sales and
earnings margins for 2024
    ** The company cited "continuing subdued demand", reporting
a 2.2% decline in sales revenue in the first six months of the
year
        ** Sartorius' French unit Sartorius Stedim Biotech
 STDM.PA  also cut its guidance, its shares are indicated down
4% according to LSEG data

 (Reporting by Marleen Kaesebier)
 ((Marleen.kaesebier@thomsonreuters.com))