Evotec Provides 2025 Revenue Guidance

MT Newswires Live

04-17

Evotec (EVO) said Thursday it expects 2025 revenue of 840 million euros to 880 million euros ($953.9 million to $999.3 million).

Four analysts polled by FactSet expect 851.4 million euros.

The AI-powered medical data collation firm said it expects a 2024 to 2028 compound annual growth rate of 8% to 12%.

Furthermore, the company said tariffs and potential US government funding cuts are expected to have a "limited impact" on its business. It is also planning to simplify its business model and reduce its asset portfolio by around 30%.

Additionally, Evotec plans to use automation and cost-lowering initiatives to produce around 50 million euros in gross savings by 2028 on top of a priority reset that is expected to deliver 40 million euros a year in savings.

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