Lab at Satorius Life Science.Lab at Satorius Life Science.
  • Company Anticipates Moderate Revenue Growth
  • Forecasted Increase in EBITDA Margin to Over 30%

Göttingen, Germany — Sartorius Friday released its 2023 annual report, remaining cautious for the year ahead.

Sartorius now forecasts a revenue increase in the mid to high single-digit percentage range for the coming year. This growth projection includes a non-organic contribution of approximately 1.5 percentage points.

Reflecting on the company’s financial outlook, the corporate leadership predicts an increase in the underlying EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin to just over 30%, a notable rise from the previous year’s figure of 28.3%.

The company’s robust growth prospects can be attributed to several factors, including the increasing demand for energy-efficient solutions in response to rising energy costs. This trend is driving modernization efforts in saturated markets, as companies seek cost advantages over their competitors through the adoption of high-efficiency technologies like gas turbines and energy-efficient building technologies. Sartorius highlighted the growing focus on these areas, emphasizing their significance in the company’s expansion strategy.

In conclusion, the company’s forward-looking strategy, coupled with the growing demand for energy-efficient solutions, positions it well for continued growth and profitability in a challenging market environment. This outlook reflects the company’s resilience and adaptability in navigating market uncertainties and capitalizing on emerging opportunities.

 

 

Update: Sartorius Expects Growth

By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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