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BRIEF-Sartorius raises 2017 outlook after acquisitions
April 3, 2017 / 5:28 AM / 8 months ago

BRIEF-Sartorius raises 2017 outlook after acquisitions

April 3 (Reuters) - Sartorius Ag

* Acquires leading company for bioprocess data analytics software

* Successful completion of the acquisition of essen bioscience

* Financial targets raised for fiscal 2017

* 2017 sales will increase by about 20% to 24% (previously about 6% to 10%) and the lab products & services division’s underlying ebitda margin will rise by nearly 2 percentage points compared with the prior-year figure of 16.0% (previously about + 1 percentage point)

* Based on the updated division forecasts, management projects that group sales revenue for the full year will grow by about 12% to 16% (previously about 8% to 12%). The company’s underlying ebitda margin is forecasted to increase slightly ahead of the half a percentage point previously expected Source text for Eikon: Further company coverage: (Frankfurt Newsroom)

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