Tiger Brokers

BUZZ-Thermo Fisher and Danaher rise after peer Sartorius' results beat

Reuters
Jan 28, 2025
BUZZ-Thermo Fisher and Danaher rise after peer Sartorius' results beat

** Shares of life sciences firms Thermo Fisher Scientific TMO.N and Danaher DHR.N rise over 2% in premarket trade

** Franco-German peer Sartorius' SATG.DE Q4 orders in its key bioprocess solutions division (BPS) rose 23.1% to 856.7 million euros

** SATG also reports annual underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of 945 mln euros ($984.78 mln), topping a Vara consensus estimate of 932.7 mln

** With the significant orders beat and another quarter of sequential BPS order improvement, we view the SATG results as a positive data point for AVTR, DHR and TMO, and expect the group to trade well - brokerage Citi Research

** Shares of Avantor AVTR.N were up marginally premarket

** In 2024, AVTR fell 7.7%, DHR fell 0.8% and TMO fell 2%

($1 = 0.9596 euros)

(Reporting by Puyaan Singh)

((Puyaan.Singh@thomsonreuters.com;))

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