Financial PerformanceThe net debt leverage ratio reached 4.3x, partly due to worsening EBITDA, indicating additional net debt reduction is needed.
Guidance RevisionEvotec has cut its guidance from low double-digit percentage sales growth and around EUR 100m adj. EBITDA to sales of EUR 790-820m and adj. EBITDA of EUR 15-35m.
Market UncertaintiesConcerns remain over when market headwinds will subside, with top-line acceleration needed to leverage the current cost base.