BioMerieux in-line sales mask under-par growth
French in vitro diagnostics group bioMerieux has reported in-line first-quarter 2008 sales, but Lehman Brothers' analysts rate the company's underlying growth as being below expectations.
The firm posted an increase of 0.9% in first-quarter net sales to 257.4 million euros ($398.6 million). In terms of stable exchange rates, that becomes a 6.2% rise, well below Lehman's expectation of 7.4%.
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