Evotec AG (EVO) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Evotec SE has updated its 2024 fiscal year guidance, projecting Group revenues of €790–820 million, a slight growth compared to previous forecasts, and anticipating lower R&D expenditures and adjusted EBITDA. The revision reflects a slower conversion of sales orders into revenues and persistent margin pressures due to a high fixed cost base, but the company is taking steps towards achieving sustainable profitable growth.
For further insights into EVO stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- RTO Doesn’t Always Mean RTO: Microsoft Stock (NASDAQ:MSFT) Notches Up as Salespeople Find Exemption
- This Was Not the First Bid: Warner Bros. Discovery Stock (NASDAQ:WBD) Gains as it Rejected Three Bids from Paramount So Far
- ‘Paramount Can Walk Away with Warner Bros.’ Say TD Cowen and Benchmark Analysts