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Eurofins Scientific Annual Profit, Revenue Improve

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Eurofins Scientific (ERFSF.PK), a provider of analytical testing services, Thursday reported preliminary net profit of 405 million euros or 1.83 euros per share for the full year, higher than 308 million euros or 1.30 euros per share in the previous year.

Excluding one-time items, adjusted profit increased to 687 million euros or 3.37 euros per basic share from 568 million euros or 2.71 euros per basic share last year.

EBITDA, or earnings before interest, taxes, depreciation, and amortization rose 17 percent to 1.439 billion euros from 1.234 billion euros a year ago, while adjusted EBITDA increased 14 percent to 1.552 billion euros from 1.364 billion euros.

Revenue for the year grew 6.7 percent to 6.951 billion euros from 6.515 billion euros in the previous year.

The company's Board plans to propose an annual dividend of 0.60 euros per share, a year-on-year increase of 20 percent.

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