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Evotec AG Manfred Eigen Campus, Essener Bogen 7 22419 Hamburg, Germany http://www.evotec.com
Contact Mr Dr. Werner Lanthaler +49 40 56081242
Company logo of Evotec AG
Evotec AG

Evotec reports continued strong revenue growth in Q1 2012

(PresseBox) (Hamburg, )
.
- 33% REVENUE GROWTH
- NEW PHARMA COLLABORATIONS THROUGH GROWTH INITIATIVES
- GUIDANCE 2012 CONFIRMED

Evotec AG (Frankfurt Stock Exchange: EVT, TecDAX) today reported financial results and corporate updates for the first quarter of 2012.

Growth trend continues; implementation of Action Plan 2016 reflected in Q1 financial results
- Group revenues +33% to €20.1 m
- Marginal operating loss of €1.3 m due to high upfront investments and ramp up of EVT Execute
- Continued strong liquidity position of €57.1 m excluding already achieved Phase III milestone from Andromeda/Teva (€3.9 m)

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.