United States

Evotec confirms outlook after H1 core profit jump

Thursday, 10 Aug 2017 01:30am EDT 

Aug 10 (Reuters) - Evotec AG :H1 revenue rose 37 percent to 103.4 million eur.Group revenues: 37% increase to eur 103.4 m (h1 2016: eur 75.5 m);.Adjusted group EBITDA increased by 64%to eur 26.0 m (h1 2016: eur 15.8 m);.Strong strategic liquidity position of eur 187.0 m (prior to aptuit acquisition).research and development expenses slightly decreased by 5% to eur 8.5 m (h1 2016: eur 9.0 m).All elements of financial guidance comfortably confirmed.