DAX Dips and Sartorius Jumps 10% on Robust Sales Outlook

Dax Futures

On Thursday, German equities are exhibiting a mixed performance as investors remain cautious, largely due to the absence of new data. They are awaiting earnings updates while also keeping a close eye on political developments in France. The benchmark DAX, having dipped to 24,051.25 earlier in the session, was down 5.88 points or 0.02% at 24,205.10. Trade tensions between the U.S. and China are impacting market sentiment, whereas anticipations of additional rate cuts from the Federal Reserve are serving to mitigate the market’s downside risks.

Shares of laboratory and pharmaceutical supplier Sartorius are experiencing an increase of approximately 10% following the company’s upward revision of its full-year sales forecast, attributed to robust performance in the third quarter. Sartorius reported a 66% increase in its nine-month profit compared to the previous year, driven by robust performances across all divisions. In the nine-month timeframe, sales revenue reached 2.61 billion euros, reflecting a 5.5% increase from 2.47 billion euros in the corresponding period of the previous year. Where as –

  • Merck has experienced a decline of approximately 2.9%.
  • Heidelberg Materials has experienced a decline of 1.7%.
  • Zalando has seen a decrease of 1.3%.
  • Munich RE, E.ON, and Deutsche Bank have experienced
    declines ranging from 0.8% to 1%
  • Bayer, Siemens Energy, and SAP have seen reductions
    between 0.4% and 0.6%.

On a constant currency basis, sales revenue increased by 7.5% compared to the same period last year. Symrise is experiencing an increase of 1.3%, while Rheinmetall is up by 1.4%. Adidas, Siemens Healthineers, Qiagen, Brenntag, Henkel, Mercedes-Benz, and Beiersdorf are experiencing moderate gains.

Sartorius has adjusted its full-year sales revenue forecast for both the Group and its divisions upward. The company has revised its expectations for Group sales revenue, now anticipating a growth of approximately 7%, an increase from the previous forecast of roughly 6% organic growth. Dragerwerk shares have experienced a remarkable increase of nearly 12%. The German manufacturer of medical and safety technology has provided a more favorable forecast for the entire year, buoyed by growth observed in the previous quarter. DAX Experiences Minor Decline; Sartorius Rises 10% Following Robust Sales Projection