Evotec SE operates globally as a dedicated partner, specializing in the discovery and advancement of new pharmaceutical products for the biotechnology and ...
Evotec SE (NASDAQ: EVO) is a life sciences company headquartered in Hamburg, Germany, founded in 1993. The company positions itself as a dedicated partner for drug discovery and development, working closely with biotechnology and pharmaceutical companies to translate scientific ideas into medicines. Rather than operating exclusively as a traditional single-product ...Evotec SE (NASDAQ: EVO) is a life sciences company headquartered in Hamburg, Germany, founded in 1993. The company positions itself as a dedicated partner for drug discovery and development, working closely with biotechnology and pharmaceutical companies to translate scientific ideas into medicines. Rather than operating exclusively as a traditional single-product developer, Evotec’s approach emphasizes partnership-driven R&D: it combines discovery platforms, translational science, and development services so clients can accelerate programs, de-risk biology, and progress candidates through key development stages.
From a business perspective, Evotec targets multiple therapeutic areas including metabolic disorders (such as diabetes and complications), fibrosis, infectious diseases, CNS (neuroscience) diseases, oncology, pain, inflammatory conditions, immunological dysfunctions, rare diseases, respiratory conditions, and women’s health. This breadth is intended to give partners access to expertise and resources across different modalities and indications. The company also highlights strengths in small molecules, biologics, and cell therapies, reflecting a multi-modality discovery/development capability.
In terms of products and services, Evotec provides drug discovery and development activities that can include early-stage discovery support, platform-enabled research, translational work, and specialized development services. The company’s public communications and offerings (including expanded service lines such as in bioprocess/biologics support) indicate that it continuously evolves its service catalog to meet partner needs across modalities—from discovery through development execution.
Cost and BOM considerations in this business model are typically service-and-lab driven rather than manufacturing-centric. Key “inputs” include highly skilled scientific and technical labor, laboratory infrastructure, screening/assay operations, data/technology platforms, and program-specific research spending. Financial performance can therefore fluctuate with R&D intensity, pipeline investment, and program milestone timing. The provided financial snapshot also shows profitability metrics that can be pressured during development and investment phases, which is common for companies in the discovery services and development partnership space.
Key people include CEO Christian Wojczewski, with senior leadership covering finance and scientific direction. Strategic alliances are a cornerstone of Evotec’s operating model, and the company works with numerous global organizations (including major pharma and biotech partners) to co-develop and advance medicines.
Looking ahead, Evotec’s “wishes” in practice are to expand partner relationships, deepen modality and therapeutic expertise, and continue building scalable discovery and development services that help clients deliver medicines that matter—while maintaining financial discipline through program selection and execution. Overall, Evotec functions as an external R&D engine for its partners, seeking to convert collaborative research into clinical and commercial outcomes.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$757.3M
-5.0%
-8.4%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-99.4M
+49.3%
+61.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+8.3%
-42.6%
-10.0%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-17.9%
+0.1%
-0.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-13.1%
+46.6%
+58.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-78.7M
+30.9%
-1764.2%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-10.4%
+27.3%
-1935.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
55.0%
+18.2%
+29.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.07x
+4.7%
+38.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator : Ladies and gentlemen, welcome to the Evotec preliminary second quarter and first half 2026 results and update full year 2026 outlook. I am Moritz, your Chorus Call operator. I would like to remind you that all participants will be in the listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it is my pleasure to hand over to Sarah Fakih, Head of Global Communications and Investor Relations. Please go ahead.
Sarah Fakih : Thank you, Moritz. Good morning. Good afternoon, and welcome to today's webcast and conference call. My name is Sarah Fakih, and I am the Head of Global Communications and Investor Relations at Evotec. Please allow me to introduce today's speakers. Joining me on the call are Christian Wojczewski, Chief Executive Officer of Evotec, and Claire Hinshelwood, our Chief Financial Officer. Please note that this call is being webcast live and will be archived in the events calendar on our website. Before we begin, a few forward-looking statements. The discussion and responses to your questions on this call reflect management's views as of today, Tuesday, July 14th, 2026. During this call, we will make statements and provide responses that state our intentions, beliefs, expectations, or projections regarding the future. These statements constitute forward-looking statements within the meaning of applicable securities laws. They are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied. Evotec disclaims any intention or obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances. For further information regarding these risks and uncertainties, please refer to our public filings and disclosures. With this, let me hand over the call to Christian.
Christian Wojczewski : Thank you, Sarah. Good morning and good afternoon to everyone. Thank you for joining today's call. Following our announcement last night, we are providing today an update based on preliminary unaudited financial results for the second quarter and first half of 2026, as well as an updated outlook for the full year. As a reminder, publication of our full financial results is scheduled for August 13th. During our full year 2025 results presentation in April, we guided for a challenging first half of 2026. This outlook primarily reflected our anticipated continuation of the softness in the early drug discovery market seen in 2025, as well as the effect of the non-recurrence of the $25 million Sandoz licensing payment in the first quarter of the previous year. Our preliminary second quarter results extend the trends we saw in the first quarter. Group revenues in the first half of 2026 …