Evotec Results Presentation Deck
evotec
Revenues from contracts
with customers (in € m)
Base revenues
Milestones, upfronts and licences
PAGE 10
231.0
7.8
223.2
H1 2020
+17%
+17%
Gross margin affected by ongoing capacity build-up - as planned
Revenues & Gross margin overview - Evotec SE and subsidiaries
271.3
10.0
261.3
H1 2021
Gross margin
(in %)
Total Margin
Margin excl. milestones, upfronts and licences and amortisation
23.0 23.4
H1 2020
20.8
19.4
H1 2021
• Base revenues up 17% or € 38.1 m to
€ 261.3 m. Adjusted for anticipated end
of Sanofi subsidy and unfavourable fx
effects growth would have reached 22%
• Just - Evotec Biologics added revenues
of € 23.0 m, increase of 44%
Despite higher year-on-year milestone
revenues of € 4.1 m (H1 2020: € 2.2 m),
some milestone payments still delayed
due to COVID-19, but imminent
• Gross margin decreased mainly due to
capacity build-up ahead of launch of
J.PODⓇ 1 US in Q3 and fxView entire presentation