Eurofins reported its Q1 2022 sales numbers which came in ahead of street expectations. Core Business (excluding COVID-19-related revenue) grew at 6.5% on an organic basis, in line with the long-term annual target. Due to higher-than-expected COVID-19-related revenue in Q1, management revised its FY22 sales guidance up by €100m, but it still fell short of street expectations, with the disappointment reflected in the share price. We maintain our cautious stance on the stock.
25 Apr 2022
Lacklustre Q1 performance
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Lacklustre Q1 performance
- Published:
25 Apr 2022 -
Author:
Nupur Gupta -
Pages:
4
Eurofins reported its Q1 2022 sales numbers which came in ahead of street expectations. Core Business (excluding COVID-19-related revenue) grew at 6.5% on an organic basis, in line with the long-term annual target. Due to higher-than-expected COVID-19-related revenue in Q1, management revised its FY22 sales guidance up by €100m, but it still fell short of street expectations, with the disappointment reflected in the share price. We maintain our cautious stance on the stock.