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“Our employees have coped excellently with the second pandemic year and all its challenges. Despite strained supply chains, we were able to support our customers in their demanding projects in the development and production of biopharmaceuticals and vaccines, grew strongly, and achieved, and partly exceeded, our financial targets that were raised several times during the year. We have also made excellent progress in the expansion of our production capacities. I am especially pleased that we were able to create more than 2,800 additional jobs.

We are very optimistic about our future business development. Following the jump in profitability in 2021, we are aiming at achieving a similar high level of profitability in the current fiscal year. We have also set ourselves an ambitious target to continuously reduce our CO2 emission intensity.”

Chairman’s Message


Sales revenue

€2,887.0m

in constant FX: +52.6%


Underlying EBITDA

€1,033.4m

+70.9%


Order intake

€3,664.4m

in constant FX: +55.6%


Employees

10,409

+2,843


Market capitalization

~€44.5bn

+66.4%

Group Business Development


Sartorius Stedim Biotech closed fiscal 2021 with exceptionally strong growth and a jump in profitability due to the excellent development of its core business, additional demand generated by the coronavirus pandemic, and several acquisitions. The company achieved significant double-digit percentage growth in order intake, sales revenue and earnings.

Group Business Development

Outlook


Sartorius Stedim Biotech expects dynamic development with double-digit growth in sales revenue and sustained high profitability in the current year as well. Based on the company’s strong performance in fiscal 2021, management also raised its mid-term forecast for profitability again.

2022

Forecast

Consolidated sales revenue is thus projected to increase by about 15% to 19%. Following the jump in profitability in 2021, the company expects its underlying EBITDA margin to stay at a similar high level and to reach more than 35%.

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2025

Strategy and Long-Term Targets

The underlying EBITDA margin for the Group is now expected to be more than 35% in 2025 (previously around 33%). The consolidated sales revenue target for 2025 had already been substantially raised at the beginning of 2021 and remains unchanged at around 4 billion euros.

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