Eurofins: raises revenue targets for 2018-2020
(CercleFinance.com) - After receiving the go-ahead from the US authorities for the acquisition of Covance Food Solutions last week, Eurofins Scientific has announced its revenue targets for the years 2018 to 2020.
Based on the acquisitions signed on that date and estimated organic growth of 5% for 2018, the bio-analysis services group now expects revenues of over 3.8 billion euros this year (four billion euros in pro-forma terms).
Eurofins expects revenue to exceed 4.3 billion euros in 2019 and over 4.7 billion euros in 2020. It also confirms that its adjusted EBITDA margin should continue to grow over the next three years, reaching 20% by 2020.
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Based on the acquisitions signed on that date and estimated organic growth of 5% for 2018, the bio-analysis services group now expects revenues of over 3.8 billion euros this year (four billion euros in pro-forma terms).
Eurofins expects revenue to exceed 4.3 billion euros in 2019 and over 4.7 billion euros in 2020. It also confirms that its adjusted EBITDA margin should continue to grow over the next three years, reaching 20% by 2020.
Copyright (c) 2018 CercleFinance.com. All rights reserved.