BioMerieux SA

BIM: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€344.00	Dkvzc	Xzqmqtkt

BioMerieux Gets Support From Omicron Testing and FX in Q1, but Growth and Margin Likely to Decline

Aaron Degagne

May 5, 2022

Narrow-moat BioMerieux faced headwinds in the first quarter from lower equipment placement and COVID-19-related labor shortages, though results were not far off from our forecast, and we maintain our EUR 95 fair value estimate. The shares look to be fairly valued, in our view, even after a year-to-date decline of 27%.

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