Sartorius AG

XTER:SRT (Germany)   Ordinary Shares
€ 222.00 (-0.45%) May 6
102.62
P/B:
5.71
Market Cap:
€ 17.24B ($ 18.57B)
Enterprise V:
€ 21.30B ($ 22.93B)
Volume:
1.39K
Avg Vol (2M):
5.52K
Also Trade In:

Business Description

Description
Sartorius AG is a leading provider of bioprocessing solutions. Its Bioprocess division sells equipment and consumables for upstream and downstream manufacturing of biologic drugs, and has a focus on single-use technology, or SUT. Its Lab Products and Services division offers a wide range of products for lab use, including scales, pipettes, and filtration equipment. As of 2022, the Bioprocess and LPS divisions contributed 80% and 20% of revenue, respectively. Bioprocess is housed in its subsidiary Sartorius Stedim Biotech, of which Sartorius AG has a 74% ownership and 85% voting control. The business is geographically diverse, with revenue across Europe, the Middle East, and Africa (37% of 2022 sales), the Americas (37%), and Asia-Pacific (26%). We estimate China revenue to be around 10%.