Eurofins: H1 adjusted EBITDA up 29%
(CercleFinance.com) - Eurofins Scientific has posted H1 2019 adjusted EPS of 8.
83 euros, flat, with adjusted EBITDA that is up 29.5% at 415 million euros, meaning a 70 basis point improvement in its margin to 19.1%.
Revenues of the provider of bio-analysis services increased by 24.3% to nearly 2.17 billion euros; organic growth could not be determined due to the cyberattack of 2 June.
Eurofins believes it is still too early to determine the total financial impact of this event on its annual results, although says it has resumed with a good performance and has a positive outlook for the rest of the year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
83 euros, flat, with adjusted EBITDA that is up 29.5% at 415 million euros, meaning a 70 basis point improvement in its margin to 19.1%.
Revenues of the provider of bio-analysis services increased by 24.3% to nearly 2.17 billion euros; organic growth could not be determined due to the cyberattack of 2 June.
Eurofins believes it is still too early to determine the total financial impact of this event on its annual results, although says it has resumed with a good performance and has a positive outlook for the rest of the year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.