Evotec reported strong Q1/2019 financial results that beat our and consensus forecasts at the top and bottom line. Revenues came in at €103.8m, +31% YoY, well ahead of our and cons. estimates of €90m and €94m, respectively, driven by solid performance across both business segments (Execute and Innovate). The gross margin of 30% was also ahead of our expectations. Total operating costs of €13m (in line with GPSLe) yielded an adjusted EBITDA result of €30m (vs. GPSLe €20m and cons. €22m), more tha ....
14 May 2019
Q1 results beat on strong top-line growth
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Q1 results beat on strong top-line growth
Evotec SE (EVT:WBO) | 0 0 0.7% | Mkt Cap: 2,149m
- Published:
14 May 2019 -
Author:
Brigitte de Lima, PHD CFA -
Pages:
5
Evotec reported strong Q1/2019 financial results that beat our and consensus forecasts at the top and bottom line. Revenues came in at €103.8m, +31% YoY, well ahead of our and cons. estimates of €90m and €94m, respectively, driven by solid performance across both business segments (Execute and Innovate). The gross margin of 30% was also ahead of our expectations. Total operating costs of €13m (in line with GPSLe) yielded an adjusted EBITDA result of €30m (vs. GPSLe €20m and cons. €22m), more tha ....