Jul 22, 1:27 p.m., New York
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Evotec DE0005664809

Evotec Reports H1 Loss; Confirms FY13 Outlook

08/08/13

HAMBURG (dpa-AFX) - Evotec AG (EVOTF.PK, EVTCY.PK), a provider of drug discovery and development services to pharma and biotech companies, Thursday reported a loss for the first half of the year, reflecting lower revenues and higher expenses. The company confirmed its full-year revenue guidance.

For the six-month period, the company reported net loss of 4.5 million euros or 0.04 per share, compared with net income of 1.6 million euros or 0.01 per share.

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Revenues for the period decreased to 36.9 million euros, from prior year's 42.04 million euros. Revenues excluding milestones, upfronts and licenses were up 6 percent.

Total operating expenses increased to 14.9 million euros, from 13.4 million euros a year ago.

For the full-year, the company confirmed its revenue outlook and expects it to grow between 90 million euros and 100 million euros.

Copyright RTT News/dpa-AFX


                                                                                                                        

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