Evolva - Resilience in a challenging environment
Evolva’s H120 results demonstrate excellent progress in its transformation from an R&D-driven enterprise towards a commercial company with a product-based revenue model. It recently received US EPA registration for nootkatone, and H120 witnessed a record order intake. COVID-19 caused delays at its contract manufacturers and hence only part of these record orders could be realised in H1, though much of these should be shipped in H2. EBITDA was also adversely affected by lower sales in Flavours & Fragrances (F&F) due to the pandemic. The company is seeing early signs of recovery and reiterates its commitment to cash break-even by FY23.Evolva Holding is an international biosynthetic group based in Switzerland. Co. is engaged in discovering and developing ingredients (and technologies for making ingredients) to other companies, in particular in the food and beverage, consumer health and pharmaceutical sectors. Co. maintains a proprietary fermentation-based platform that utilizes yeast. Co.'s internal focus is on high-value ingredients with relatively low production volume. Co.'s operations are organized in two segments: Products (Resveratrol, Vanilla, Stevia, Saffron , Pomecins and Agarwood ) and Legacy Products (EV-077 for diabetic complications and EV-035 for bacterial infections).
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