May 14, 2020 / 5:14 AM / 15 days ago

BRIEF-Evotec Sees No Material Impact From Covid-19, Confirms Guidance

BERLIN, May 14 (Reuters) - Evotec SE:

* EVOTEC SE REPORTS FIRST QUARTER 2020 RESULTS AND PROVIDES CORPORATE UPDATE

* CONTINUED POSITIVE FINANCIAL PERFORMANCE; NO MATERIAL IMPACT THROUGH COVID-19 PANDEMIC SO FAR

* Q1 15% INCREASE IN GROUP REVENUES FROM CONTRACTS WITH CUSTOMERS TO EUR 119.4 M (Q1 2019: EUR 103.8 M)

* SUCCESSFUL START INTO 2020 WITH STRONG STRATEGIC POSITION

* GUIDANCE FOR FULL-YEAR 2020 CONFIRMED

* 15% INCREASE IN GROUP REVENUES FROM CONTRACTS WITH CUSTOMERS TO EUR 119.4 M (Q1 2019: EUR 103.8 M)

* STRONG REVENUE GROWTH IN BOTH SEGMENTS

* EVT EXECUTE REVENUES UP 18% TO EUR 118.2 M (Q1 2019: EUR 100.3 M), EVT INNOVATE REVENUES UP 24% TO EUR 23.3 M (Q1 2019: EUR 18.8 M)

* STABLE ADJUSTED GROUP EBITDA OF EUR 30.0 M (Q1 2019: EUR 30.0 M); ADJUSTED EBITDA OF EUR 35.4 M FOR EVT EXECUTE (Q1 2019: EUR 32.2 M)

* TOTAL GROUP REVENUES EXPECTED TO RANGE FROM EUR 440 - 480 M (2019: EUR 446.4 M)

* ADJUSTED GROUP EBITDA EXPECTED TO BE IN RANGE OF EUR 100 - 120 M (2019: EUR 123.1 M) Source text for Eikon: Further company coverage: (Reporting by Berlin Speed Desk)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below