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Research

Biohit: Positive result from H1 test

By Antti SiltanenAnalyst
Biohit
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We reiterate our Accumulate recommendation for Biohit and raise our target price to EUR 2.4 (previous 2.1). The H1 report exceeded our expectations in terms of both revenue and earnings. The launch of the GastroPanel® fingertip blood test, during H1 and the partial periodization of China's revenue to H2 strengthen our growth expectations for the near future. The valuation picture remains attractive with estimate hikes.

Biohit operates in the medical technology sector. The company develops and manufactures laboratory equipment, consumables and diagnostic analysis systems adapted for research, healthcare and industrial laboratories. In addition to its main business, it offers technical support, maintenance and training services within the aforementioned field of work. The largest operations are conducted in the Nordic market. The company has its headquarters in Helsinki.

Read more on company page

Key Estimate Figures2023-08-10

202223e24e
Revenue11.012.413.6
growth-%17.0 %13.2 %9.9 %
EBIT (adj.)1.11.92.2
EBIT-% (adj.)10.3 %15.4 %16.0 %
EPS (adj.)0.040.110.13
Dividend0.000.000.05
Dividend %1.4 %
P/E (adj.)39.334.728.3
EV/EBITDA11.421.018.3

Forum discussions

It should also be emphasized that L-cysteine is released from Acetium at a controlled rate locally in the stomach, while from other products...
12/10/2025, 5:30 PM
by Junkbondking
3
Very welcome news! However, as you noted, it probably doesn’t have much significance yet in terms of euros. In 2024, Biohit’s revenue from Finland...
12/10/2025, 4:59 PM
by PeterPan
1
Certainly not news that would cause a positive earnings warning, but for the first time in a long time, hangover + Acetium in a newspaper article...
12/10/2025, 2:49 PM
by elCobra
4
Here are Antti’s comments regarding the recent Gastropanel study. Biohit announced on Monday a new clinical study supporting the reliability...
12/9/2025, 6:14 AM
by Sijoittaja-alokas
4
It’s great that this year marks 20 years since Gastropanel’s market entry, so it would be high time to make it big
12/8/2025, 3:11 PM
by Junkbondking
7
At least according to that press release: “Up to 90% of gastroscopies can be avoided when the GastroPanel® result is normal.” And in the CEO...
12/8/2025, 2:04 PM
by Balle Ramsted - pienehkö kasvusijoittaja nupullaan
1
Do you assume that every test and treatment performed in hospitals is 100% accurate/successful? For example, over the past year, there have ...
12/8/2025, 1:45 PM
by Jmaksa
1
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