Evotec SE : Operating challenges remain as cash burn stopped in Q3
>Group’s Q3 sales in line – slight miss at the EBITDA line - Evotec’s 9M results came in slightly below expectations. 9M 2024 sales of € 575m (-1%%) were in line with our (€ 576m) and 1% below the consensus estimates (€ 582m). The group’s gross profit of € 68.8m (-50%) is 1.4% below our estimates and 5.4% below the consensus. Adj. EBITDA posted a loss of -€ 6m vs a profit of € 50.2m after nine months in 2023. This compares with our estimate of -€ 4.9m and the consensu...Evotec is a holding company engaged as a drug discovery solutions company providing drug discovery capabilities to pharmaceutical and biotechnology companies as well as to academic institutions. These drug discovery solutions are provided in form of fee-for service work, integrated drug discovery alliances, development partnerships, licensing of drug candidates and consulting arrangements. Co. is primarily involved in the areas of neuroscience, pain, metabolic diseases, oncology and inflammation. Co. provides its drug discovery activities under the banners of EVT Execute, EVT Integrate and EVT Innovate. Co.'s operations are divided into two segments: EVT Execute and EVT Innovate.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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