BioNTech Expects FY2024 Sales Of €2.5B-€3.1B, With R&D Expenses Of €2.4B-€2.6B, SG&A Expenses Of €700M-€800M And Capital Expenditure Of €400M-€500M
Portfolio Pulse from Benzinga Newsdesk
BioNTech forecasts FY2024 sales to be between €2.5B and €3.1B, with R&D expenses projected at €2.4B-€2.6B, SG&A expenses at €700M-€800M, and capital expenditure estimated to be €400M-€500M.
March 20, 2024 | 10:20 am
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BioNTech expects FY2024 sales to range from €2.5B to €3.1B, with significant investments in R&D, SG&A, and capital expenditure.
BioNTech's forecasted increase in sales for FY2024 suggests a positive outlook for the company's financial health and growth prospects. The planned expenditures in R&D, SG&A, and capital investments indicate a strategic approach to sustain and enhance its competitive edge in the biotechnology sector. This financial guidance is likely to be viewed positively by investors, potentially leading to an uptick in BNTX stock in the short term.
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