Company Results

Sartorius: Single-Use Demand in Europe and Asia Offsets Rev Decline North America

Related tags Bioprocess solutions division North america

Sartorius: Demand in Europe and Asia Offsets Decline North America
Sartorius: Demand in Europe and Asia Offsets Decline North America
Increased demand for single-use tech from Europe and Asia offset lower North American sales and help Sartorius’ bioprocess solutions division drive company-wide growth. 

Group revenue for the six months to June 30 rose 4.5% to €441m ($585m), while EBDITA grew 11.8% to €84.8m and margins increased from 21.2% to 22.7% with the bioprocess solutions division seeing revenue, income and orders grow significantly in the period.

Sartorius said: “This increase was driven by strong demand for single-use products used in biopharmaceutical manufacture as well as by special growth impulses, particularly from large equipment orders in the first quarter​.”

In Europe and Asia bioprocess solutions revenue increased 7.7% and 3.9%, respectively, while sales in North America fell 4.4% to €93.4m.

Sartorius explained that: “[North American bioprocess solutions revenue was] slightly below the exceptionally strong revenue base in the previous year​,” adding that this had been expected.

North American bioprocess revenue increase 43% to €72.5m in the first six months of 2012, coinciding with Sartorius’ decision to “invest heavily​” in the expansion of its sales arm in the region as part of its Sartorius 2020 growth plan.

Despite the decline in North America Sartorius expects full-year bioprocess solutions revenues “will reach, or slightly exceed, the upper end of the range of 9% to 12%” it predicted at the start of 2013.

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