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EVO Neutral Sentiment Score: 45/100

Evotec provides update on financial impact of cyber-attack Hamburg, Germany, - Evotec SE (Frankfurt Stock Exchange: EVT, MDAX/TecDAX, Prime Standard, ISIN: DE 000 566480 9, WKN 566480; NASDAQ: EVO) announces that it is a

Thursday, July 27, 2023 1 min read
Key Takeaway: Evotec SE has announced an adjustment to its financial guidance for 2023 due to the impact of a recent cyber-attack. Projected Group revenues have been revised down to between 750 and 790 million euros, with unpartnered R&D expectations now at 60 to 70 million euros. EBITDA forecast has also been reduced, expected to reach between 60 and 80 million euros. Despite these challenges, the company's long-term plan, known as Action Plan 2025, maintains its ambition for over 1 billion euros in revenue.

Market Sentiment Analysis

POSITIVE FACTORS

  • Optimisation measures are expected to have a positive impact in 2024 and beyond.
  • The Action Plan 2025 remains on track, targeting significant revenue growth.

CONCERNS & RISKS

  • The company has adjusted revenue guidance downward due to a cyber-attack.
  • Adjusted EBITDA expectations have also been cut significantly.

Full Press Release Details

evo_ex991.htm EXHIBIT 99.1
Evotec provides update on financial impact of cyber-attack
Hamburg, Germany, - Evotec SE (Frankfurt Stock Exchange: EVT, MDAX/TecDAX, Prime Standard, ISIN: DE 000 566480 9, WKN 566480; NASDAQ: EVO) announces that it is adjusting its guidance for the fiscal year 2023.
Due to the impact of the cyber-attack, the company now expects Group revenues in the range of 750 - 790 m (previously 820 - 840 m); unpartnered R&D is expected in a range of 60 - 70 m (previously 70 - 80 m); and the adjusted EBITDA is expected to reach 60 - 80 m (previously 115 - 130 m).
While one-off items are affecting the outlook for 2023, optimisation measures are set to unfold their positive impact over to course of 2024 and beyond. Action Plan 2025 stays unchanged, targeting revenues of more than 1 bn and an adjusted EBITDA of more than 300 m.
- End of the ad hoc release -
Contact: Dr Werner Lanthaler, Chief Executive Officer, Evotec SE, Manfred Eigen Campus, Essener Bogen 7, 22419 Hamburg, Germany, Phone: +49.(0)40.560 81-0, werner.lanthaler@evotec.com

Frequently Asked Questions

What is Evotec's revised revenue guidance for 2023?

Evotec expects Group revenues of 750 - 790 million euros for 2023.

How has the cyber-attack impacted R&D revenue guidance?

Unpartnered R&D revenue guidance is now adjusted to 60 - 70 million euros.

What is the expected adjusted EBITDA for Evotec in 2023?

The adjusted EBITDA for 2023 is now projected to be 60 - 80 million euros.

Will Evotec's long-term targets change due to this situation?

No, the Action Plan 2025 remains unchanged, targeting over 1 billion in revenue.

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Last updated: Jul 27, 2023