German Sartorius confirms 2012 outlook on strong performance in Q1

Apr 24, 2012 - German laboratory and filtering equipment supplier Sartorius (ETR:SRT) posted today a 34.2% annual jump in its net profit to EUR 14.2 million (USD 18.7m), driven up by strong sales, and confirmed its full-year outlook.

Earnings per share (EPS) thus increased to EUR 0.83 from EUR 0.62 in the previous reporting period.

Earnings before interest, tax and amortisation (EBITA) climbed 33.2% to EUR 30.4 million, representing a margin of 14.6%.

Sales rose 20.9% on the year to EUR 208.1 million, with all the three units contributing to growth. In addition, the company reported double-digit growth in all its regional segments.

Order intake gained 13.7% to EUR 220 million.

For 2012, the company expects a 10% annual rise in its operating profit. Revenue growth is seen at around 10% in constant currencies, some 5 percentage points of which will come from the initial consolidation of Finnish medical devices maker Biohit Oyj (HEL:BIOBV), which it acquired at the end of 2011.

(EUR 1.0 = USD 1.317)

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