Evotec SE announces third quarter results
Q3 Financial Performance: Evotec SE reported a 7.1% decrease in group revenues to €535.1 million for Q3, with a 12.3% decline in D&PD revenues attributed to soft demand in early drug discovery services.
Adjusted EBITDA and Costs: The adjusted Group EBITDA was €(16.9) million, impacted by underutilization and high fixed costs in the D&PD segment, along with expenses related to the JEB Toulouse facility ramp-up.
Future Outlook: The company targets a compound annual growth rate (CAGR) of 8-12% for group revenues from 2024 to 2028, with an expected adjusted EBITDA margin above 20% by 2028.
2025 Guidance: Evotec confirmed its guidance for 2025, projecting group revenues between €760-800 million and adjusted Group EBITDA of €30-50 million, alongside R&D expenditures of €40-50 million.
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