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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's Drug Discovery Business Set for Strong Growth

Excellent start into 2010: revenues +19% and strong decrease of operating loss by 93%

(PresseBox) (Hamburg, Germany, )
Evotec AG (Frankfurt Stock Exchange: EVT, TecDAX) today reported financial results and corporate updates for the first quarter of 2010.

Recent Highlights:

Sustainability of business clearly visible

-Discovery alliances growing significantly, revenues +19%
-Strong decrease of operating loss by 93% to € 1.5 m
-Cash burn markedly reduced: liquidity at € 67 m Increased revenues from longterm collaborations

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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.