(CercleFinance.com) – Euroapi publishes for the first half of 2023 a net result of 62.8 million euros, compared to 16.7 million a year earlier, as well as a ‘Core EBITDA’ of 62.5 million , i.e. a margin of 12.6% compared to 14.5% in the first half of 2022.
Its turnover increased by 2.6% to 496.6 million, with stability in the API Solutions activity (+0.2%) and growth of 9.8% for the CDMO activity. Declines in sales to Sanofi were more than offset by increases to other customers.
“Based on our first-half performance, we are confident in our ability to achieve our fiscal year 2023 objectives and our medium-term outlook,” Chief Executive Karl Rotthier said.