Sartorius has highlighted its plans for sustained, profitable growth up to 2025 after delivering a strong performance in 2017.
During the company's annual press conference and Capital Markets Day, Sartorius announced sales revenues of EUR 1.4 billion (GBP 1.24 billion), representing a year-on-year increase of 9.3 percent. Organic growth and acquisitions contributed almost equally to this.
“Sartorius has outlined its ambitious growth targets for the coming years after reporting a strong performance in 2017.“
Its bioprocess solutions division recorded full-year sales growth of 4.9 percent, while its lab products and services division recorded exceptionally dynamic growth of 22 percent thanks to its recent bioanalytics business purchases.
Based on the strong results seen in 2017, Sartorius is expecting its sales revenues to rise to around EUR 4 billion euros by 2025, with two-thirds of this growth to be driven organically, while around one-third will be generated by acquisitions.
Dr Joachim Kreuzburg, chief executive officer of Sartorius, said: "For 2018, we will continue to pursue our targets of achieving significant profitable growth, investing extensively in innovations and capacities and of creating additional jobs."
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