BRIEF-Sartorius Says Group Sales Revenue Is Expected To Decline By Around 17% For FY 23
Oct 12 (Reuters) - Sartorius AG:
* EQS-ADHOC: SARTORIUS AG: SARTORIUS PRE-ANNOUNCES PRELIMINARY 9-MONTH RESULTS AND LOWERS FORECAST FOR 2023
* GROUP SALES REVENUE IS EXPECTED TO DECLINE BY AROUND 17 PERCENT FOR FY 23
* SARTORIUS - SALES REVENUE OF AROUND 2,546 MILLION EUROS IN FIRST NINE MONTHS OF 2023, DECLINE OF AROUND 16 PERCENT IN CONSTANT CURRENCIES
* SAYS FOR FIRST 9 MONTHS, PRELIMINARY UNDERLYING EBITDA MARGIN DECREASED MAINLY DUE TO VOLUME AND PRODUCT MIX EFFECTS TO 733 MILLION EUROS
* DUE TO LOWER VOLUME EXPECTATIONS AND PRODUCT MIX EFFECTS, SARTORIUS EXPECTS UNDERLYING EBITDA MARGIN OF SLIGHTLY ABOVE 28% FOR FY 23 Source text for Eikon: Further company coverage:
