Company Announcements Sartorius first quarter sales grew 17.0%, 14% organically, to €301.9 million ($331.8 million) (see IBO 4/30/16). Lab Products & Services (LPS) revenue rose 5.2% organically to account for 25% of revenues, led by strong demand for lab filters. Organic LPS sales in EMEA, Asia Pacific and the Americas grew 0.3%, 8.7% and 14.0% […]
The rate of productivity growth, as measured by sales per employee for instrument and laboratory product companies, more than doubled in FY15 compared to the previous year, and grew slightly above the average 3.2% growth rate from FY10 to FY14. Based on currency-neutral sales, the average sales-per-employee ratio for the 19 companies in the table […]
In June of last year, the markets agonized over Greece’s default. Now, a new economic crisis has emerged as the UK voted this month to exit the EU. In the two days following the Brexit, global markets shed roughly $3 trillion in value. However, as the dust settled, markets recovered as investors realized either the […]
Company Announcements DKSH signed in March an exclusive marketing, sales, distribution and after-sales service agreement with China-based Rigol Scientific for Malaysia for HPLC systems and UV-Vis spectrometers. Phenomenex announced in April that its Indian business grew 15% in 2015. Analytik Jena announced in April the sale of its Optics business to NOBLEX, a subsidiary of […]
Bio-Rad Delivers Strong LS Results Bio-Rad Laboratories Life Science (LS) recorded nearly double-digit quarterly sales growth due to a weak comparison in China and a strong backlog, which was bolstered by system-related challenges in the third quarter of 2015. LS first quarter sales climbed 6.4% to $165.9 million to account for 35% of revenue. Excluding […]
Venlo, the Netherlands 5/19/16; Venlo, the Netherlands 6/8/16; Copenhagen, Denmark 6/8/16—For a third time, QIAGEN has extended its offer to acquire the outstanding shares of publicly held Exiqon (see IBO 3/31/16). The offer period has been extended to June 22, following previous deadlines of May 18 and June 2. On June 8, QIAGEN lowered the […]
Agilent Shines Agilent Technologies topped fiscal second quarter expectations as sales climbed 5.8%, 8.0% organically, to $1.0 billion. Currency headwinds and divestments impacted sales growth by 1.3% and 0.8%, respectively. Organic sales were driven by strong double-digit growth in China, especially in food and biopharmaceutical markets. Sales further benefited from enhanced revenue cycle times as […]
Company Announcements Sartorius 2015 sales grew 25.1%, 16.0% organically, to €1.1 billion ($1.2 billion) (see IBO 4/15/16). Adjusted operating profit grew 52.5% to €204.9 million ($227.7 million). Lab Products & Services (LPS) revenue increased 5.0% excluding currency to €305.5 million ($339.5 million), with sales in Asia Pacific, EMEA and the Americas up 11.4%, 2.9% and […]
US equity markets advanced in May in spite of the US Federal Reserve’s implications to raise interest rates in June. On the economic front, first quarter US GDP growth projections were raised 30 basis points to 0.8%, led by continued strength in consumer spending and a strong housing market. However, the tepid economic growth was […]
A majority of large publicly held instrument and lab product companies maintained positive growth momentum in the first quarter due to sustained demand from biopharmaceutical markets, as well as strong life science and applied spending in China. Favorable pricing along with reduced currency headwinds further contributed to growth. As a result, combined calendar year first […]
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IBO (Instrument Business Outlook) is a twice-monthly newsletter aimed at providing decision-makers with the latest and most complete information available on the life science and analytical instrument industry, and lab product markets. IBO delivers the latest curated industry news, information and trends, as well as SDi data and analysis to deliver the maximum in industry insight with a minimum time investment for executives and investors.
