Sartorius rises after H1 beat, guidance confirmed
BUZZ-Sartorius rises after H1 beat, guidance confirmed ** Shares in German biopharma group Sartorius SATG.DE rise 4% in early Frankfurt trade after H1 results show continued growth and higher profitability, with FY guidance confirmed
** Company H1 operational sales revenue, excluding tariff compensation to customers, grew 7.7% in constant currencies to €1.81 ($2.07) billion
** It says recurring consumables remained the main growth driver, while bioprocess business and lab instruments stabilised further and returned to slight growth
** H1 underlying EBITDA rose 3.9% to 548 mln euros, with margin up 50 bps to 30.3%, helped by higher volumes and economies of scale
** Jefferies says reiterated guidance should reassure the market after recent share price volatility following Danaher's results
** Broker says growth continues to be consumables-driven, adding investors will focus on the sustainability of strong Asia-Pacific growth and visibility on orders, particularly in equipment
** Up to the previous session's close, shares were down 6.1% YTD
($1 = 0.8749 euros)
(Reporting by Basile Day)
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