Eurofins Scientific: raises sales targets
(CercleFinance.com) - Eurofins Scientific has announced a fourth increase in sales targets since 2015, now expecting 4.
6 billion euros for 2019 and 5 billion euros for 2020, against respectively 4.3 billion euros and 4.7 billion euros in its positive estimates.
Subject to these forecasts, the group has set an adjusted EBITDA target of one billion euros in 2020. Free cash flow over these two years is expected to be enough to finance acquisitions that represent sales of 200 million euros in 2019, followed by 2020.
The bio-analysis service provider saw its revenues increase by 30.6% to 955 million euros in Q3 2018, including organic growth of over 5%, in line with its FY target for the current year.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
6 billion euros for 2019 and 5 billion euros for 2020, against respectively 4.3 billion euros and 4.7 billion euros in its positive estimates.
Subject to these forecasts, the group has set an adjusted EBITDA target of one billion euros in 2020. Free cash flow over these two years is expected to be enough to finance acquisitions that represent sales of 200 million euros in 2019, followed by 2020.
The bio-analysis service provider saw its revenues increase by 30.6% to 955 million euros in Q3 2018, including organic growth of over 5%, in line with its FY target for the current year.
Copyright (c) 2018 CercleFinance.com. All rights reserved.