Eurofins Updates FY 2024 Objectives
Oct 22 (Reuters) -Eurofins Scientific SE EUFI.PA:
CONFIRMS PROFITABILITY AND CASH FLOW OBJECTIVES FOR 2024 LEADING TO HIGHER PROFIT MARGINS IN SPITE OF THE IMPACT OF THE POST-COVID RESET OF BIOPHARMA PIPELINES
REPORTED REVENUES IN 9M 2024 REACHED EUR 5,142M, +6.7% VERSUS 9M 2023
CORE BUSINESS ORGANIC REVENUE GROWTH 5.2% IN 9M 2024
UPDATES FY 2024 OBJECTIVES
OBJECTIVES FOR FY 2024, ANNOUNCED AT FY 2023 RESULTS PRESENTATION ON 27 FEBRUARY 2024, HAVE BEEN PARTLY UPDATED
EXPECTS FY 2024 ADJUSTED EBITDA OF €1.525BN-€1.575BN
OUTLOOK 2024 REVENUE CLOSE TO EUR 7 BILLION
EXPECTS FY 2024 FCFF OF €800M-€840M
TARGETS FINANCIAL LEVERAGE OF 1.5-2.5X IN MID-TERM
OUTLOOK: OBJECTIVES FOR FY 2027, ANNOUNCED ON 1 MARCH 2023, REMAIN UNCHANGED
ON ACQUISITION OF SGS' CROP SCIENCE OPERATIONS: COMMITTED TO FOLLOWING THROUGH WITH TRANSACTION
Source text for Workspace: ID:nBw73cXkQa
Further company coverage: EUFI.PA
(Gdansk Newsroom)
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