Eurofins: FY 2019 EPS down 11%
(CercleFinance.com) - Eurofins Scientific has published 2019 EPS (with constant accounting standards) that is down 11% at 11.
26 euros, and will propose a dividend that is up 20% at 3.45 euros, confident in its prospects to report positive cash flow.
Comparable Adjusted EBITDA increased by 22.6% to 883 million euros, exceeding the group's target of 850 million euros, up 10 basis points to 19.1% for revenues that are up 20.7% at 4,563 million euros.
For 2020, the bioanalysis services provider expects revenues of five billion euros, including organic growth of 5%, as well as adjusted EBITDA of 1.1 billion and free cash flow of 500 million euros.
Copyright (c) 2020 CercleFinance.com. All rights reserved.