Financial News

Financial Report: Evotec

EVT Execute business up 35% in 1H16

Author Image

By: Kristin Brooks

Managing Editor, Contract Pharma

Evotec 2Q Revenues: €38.0 million (+14%) 2Q Earnings: €3.9 million (-73%) YTD Revenues: €75.5 million (+37%) YTD Earnings: €2.7 million (-80%) Comments: Growth was driven by the EVT Execute business (up 35% to €79.8 million), the contribution of the Sanofi collaboration as well as milestone achievements. R&D expenses for the first half increased 6% to €9.0 million. Results include one-time effects with regards to the bargain purchase resulting from the acquisition of Evotec (F...

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters