Mettler-Toledo International Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2020 and Full Year 2021
November 05, 2020 at 04:10 pm EST
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Mettler-Toledo International Inc. provided earnings guidance for the fourth quarter and full year of 2020 and full year 2021. The management anticipates the local currency sales growth in the fourth quarter 2020 will be in the range of 4% to 5%.
For the full year 2020, local currency sales growth is expected to be approximately 1%.
The management anticipates local currency sales growth in 2021 to be in the range of 4% to 6%.
Mettler-Toledo International, Inc. specializes in the design, manufacturing and marketing of precision instruments. Net sales break down by sector of activity as follows:
- research and development in laboratories (55.6%): weighing solutions (analytical balances, precision balances, microbalances, mass comparators, etc.), pipetting systems, analytical instruments (thermal analysis instruments, titrators, pH meters, densimeters, refractometers and spectrophotometers), automated reactors, etc. ;
- industries (39.3%): industrial scales, analysis systems, industrial inspection and control systems. The group also offers software solutions for weighing, measuring and identification, as well as solutions to monitor and control production processes;
- distribution of food products (6.1%): weighing solutions (weight / price scales, counter balances, cash balances, etc.), packaging, pricing, packaging and labeling.
Net sales by source of revenue break down between product sales (76.7%) and services (23.3%).
At the end of 2023, the group had 30 production sites worldwide.
Net sales are distributed geographically as follows: the United States (35.5%), the Americas (5.9%), Germany (5.8%), France (3.7%), Switzerland (2.4%), the United Kingdom (2.1%), Europe (12.8%), China (18.7%) and other (13.1%).
METTLER-TOLEDO INTERNATIONAL, INC. 
