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    Breaking News

    Financial Report: Evotec

    EVT Execute business up 35% in 1H16

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    08.10.16
    Evotec

    2Q Revenues: €38.0 million (+14%)

    2Q Earnings: €3.9 million (-73%)

    YTD Revenues: €75.5 million (+37%)

    YTD Earnings: €2.7 million (-80%)

    Comments: Growth was driven by the EVT Execute business (up 35% to €79.8 million), the contribution of the Sanofi collaboration as well as milestone achievements. R&D expenses for the first half increased 6% to €9.0 million. Results include one-time effects with regards to the bargain purchase resulting from the acquisition of Evotec (France) SAS in 2015.
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