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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.


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