Evotec AG (EVO) has released an update.
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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.
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