FY 2022 results in line with a cautious guidance for 2023
Evotec reported FY 2022 results with topline growing at 22% with base business being the largest contributor amid a slower year for milestone revenue and ramp-up for Jut Bio. Adj. EBITDA margin came in below the guidance as expected, in line with the revenue mix. For FY 2023, the guidance is largelEvotec 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.
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