Evotec SE Reiterated FY23 Revenue €750M-€790M Bs $817.64M Est, Adj Group EBITDA of €60M-€80M
Portfolio Pulse from Benzinga Newsdesk
Evotec SE has reiterated its FY23 revenue guidance of €750M-€790M, against an estimate of $817.64M. The company also expects its adjusted Group EBITDA to be in the range of €60M-€80M. Unpartnered research and development expenses are expected to be between €60M-€70M. The company's mid-term goals include revenue growth to over €1,000M, adjusted EBITDA of at least €300M, and unpartnered R&D expenses of more than €100M.
November 08, 2023 | 7:37 am
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Evotec SE has reiterated its FY23 revenue guidance, which is slightly lower than the estimate. This could potentially impact the company's stock price.
Evotec SE's reiterated FY23 revenue guidance is slightly lower than the estimated $817.64M. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
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