Evotec SE Reports Revenue Growth of 14% YoY in 9M FY22 to € 580.1M, Adj Group EBITDA Increased by 13% YoY to € 50.2M
Portfolio Pulse from Benzinga Newsdesk
Evotec SE reported a 14% YoY revenue growth in 9M FY22 to €580.1M, with adjusted group EBITDA increasing by 13% YoY to €50.2M. The company's top-line success reflects strong demand. However, costs of €43.9M were incurred in 2023 due to a cyber-incident. Total EVT Execute revenues were up 3% to €543.4M, while EVT Innovate revenues increased by 64% to €199.9M.
November 08, 2023 | 7:33 am
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Evotec SE's strong financial performance, with a 14% YoY revenue growth and a 13% increase in adjusted group EBITDA, indicates a positive outlook. However, the cyber-incident that cost the company €43.9M could negatively impact investor sentiment.
Evotec SE's strong financial performance indicates a positive outlook, which could attract investors and potentially drive the stock price up. However, the cyber-incident that cost the company €43.9M could negatively impact investor sentiment, potentially offsetting the positive impact of the financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100