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MarketScreener Homepage  >  Equities  >  Xetra  >  Evotec SE    EVT   DE0005664809

EVOTEC SE

(EVT)
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Evotec : reports first quarter 2019 results and provides corporate update

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05/15/2019 | 09:38am EDT

Evotec SE (Frankfurt Stock Exchange: EVT, MDAX/TecDAX, ISIN: DE0005664809) today reported financial results and corporate updates for the first quarter of 2019.

STRONG FINANCIAL PERFORMANCE

Group revenues up 27% to EUR 103.8 m (Q1 2018: EUR 81.6 m)

Adjusted Group EBITDA up 114% to EUR 30.0 m (Q1 2018: EUR 14.0 m)

Unpartnered R&D expenses of EUR 8.1 m (Q1 2018: EUR 4.6 m)

Strong strategic liquidity position of EUR 141.6 m despite full repayment of bridge loan facility (total volume: EUR 140 m) drawn in August 2017 in context of Aptuit acquisition (last tranche after period-end)

EXCELLENT OPERATIONAL AND SCIENTIFIC PROGRESS

Multiple new and extended drug discovery and development agreements

Good progress with co-owned, clinical pipeline; multiple important milestone achievements

Consolidation of Basel activities into Toulouse site with transfer of projects to increase overall efficiency of high-throughput screening operations

New licence agreement with Galapagos in fibrosis

Anti-infective research alliances with Helmholtz (HZI) and GARDP

Agreement with The Mark Foundation in immuno-oncology based on Evotec's discovery platform TargetAlloMod

Participation in further financing rounds of Eternygen and Exscientia

Strategic collaboration on precision medicine for colorectal cancer with Indivumed (after period-end)

NOTE

The 2018 and 2019 results are not fully comparable. The difference stems from the acquisition of Evotec ID (Lyon) SAS, effective 01 July 2018. The results from Evotec ID (Lyon) SAS are only included from 01 July 2018 onwards. The accounting policies used to prepare this interim information are the same as those used to prepare the audited consolidated financial statements for the year ended 31 December 2018, except for the adoption of IFRS 16 as of 01 January 2019. From 01 January 2019 onwards, Evotec applies IFRS 16.

FORWARD LOOKING STATEMENTS

Information set forth in this press release contains forward-looking statements, which involve a number of risks and uncertainties. The forward-looking statements contained herein represent the judgement of Evotec as of the date of this press release. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.

Contact:

Tel: +49. (0)40.560 81-255

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (EUR)
Sales 2019 428 M
EBIT 2019 63,5 M
Net income 2019 41,9 M
Finance 2019 62,0 M
Yield 2019 -
P/E ratio 2019 69,5x
P/E ratio 2020 50,2x
EV / Sales2019 6,70x
EV / Sales2020 5,82x
Capitalization 2 925 M
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 7
Average target price 28,80  €
Last Close Price 19,47  €
Spread / Highest target 69,5%
Spread / Average Target 48,0%
Spread / Lowest Target 28,4%
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Managers
NameTitle
Werner Lanthaler Chief Executive Officer
Wolfgang Plischke Chairman-Supervisory Board
Craig L. Johnstone Chief Operating Officer & Member-Management Board
Enno Spillner Chief Financial Officer
Cord E. Dohrmann Chief Scientific Officer
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