Cyberattack ImpactA cyberattack in H1 2023 has resulted in a low comparable base, and while Q2 2024 earnings expectations appear positive, they still fall short of Evotec’s previous EBITDA levels.
Financial GuidanceEvotec has cut its guidance from low double-digit percentage sales growth to sales of EUR 790-820m, significantly below the consensus of EUR 878m.
Operational ChallengesHigher ramp-up costs than expected for more development capacity in connection with the expanded Sandoz partnership are impacting financial performance.