BioMerieux SA

BIM: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€526.00	Fzxnky	Cztlwtny

BioMerieux's First Half Tracks Our (High) Expectations; BioFire Still Firm's Sole Growth Driver

Aaron Degagne

Sep 2, 2020

Narrow-moat BioMerieux reported first-half results, which followed the firm’s pre-announcement on July 9 of nearly 16% sales growth through the first two fiscal quarters. With sales and income tracking close to our full-year expectations, there was little in the earnings release that surprised us, and we are maintaining our EUR 65 fair value estimate.

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