{"id":419882,"date":"2021-01-25T01:38:03","date_gmt":"2021-01-25T06:38:03","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=419882"},"modified":"2021-01-25T01:38:03","modified_gmt":"2021-01-25T06:38:03","slug":"eurofins-achieved-revenues-in-excess-of-eur-5-4bn-in-2020-after-continued-momentum-in-december-across-both-its-core-business-and-covid-19-related-activities","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eurofins-achieved-revenues-in-excess-of-eur-5-4bn-in-2020-after-continued-momentum-in-december-across-both-its-core-business-and-covid-19-related-activities\/","title":{"rendered":"Eurofins Achieved Revenues in Excess of EUR 5.4bn in 2020, After Continued Momentum in December Across Both Its Core Business and COVID-19 Related Activities"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistcircle { list-style-type: circle }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Eurofins Achieved Revenues in Excess of EUR 5.4bn in 2020, After Continued Momentum in December Across Both Its Core Business and COVID-19 Related Activities<\/b><\/p>\n<p>LUXEMBOURG&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nEurofins (Paris:ERF):\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nBefore the annual meeting of 300 of its Business Unit leaders on 26 January 2021, Eurofins pre-announces some of its 2020 results.\n<\/li>\n<li>\nDecember 2020 trading performance has been strong in both our core business (excluding COVID-19 clinical reagents and testing revenues) and in our COVID related activities, building further on October and November\u2019s momentum.<\/p>\n<ul class=\"bwlistcircle\">\n<li>\nEurofins achieved FY 2020 Revenues of over EUR 5.4bn<sup>1<\/sup> (up from the most recent EUR 5.3bn objective and the original target of EUR 5.0bn).\n<\/li>\n<li>\nQ4 2020 organic growth was close to 40%<sup>1<\/sup>.\n<\/li>\n<li>\nFY 2020 organic growth was close to 20%<sup>1<\/sup>.\n<\/li>\n<\/ul>\n<\/li>\n<li>\nDespite the impact of further lockdowns in many geographies, our core business continues to demonstrate its resilience and quick return to long term growth rates. We anticipate:<\/p>\n<ul class=\"bwlistcircle\">\n<li>\nQ4 2020 organic growth rate of our core business (excluding COVID-19 clinical reagents and testing revenues) of 5%<sup>1 2<\/sup>; and\n<\/li>\n<li>\nPositive organic growth of our core business in FY 2020<sup>1 2<\/sup>.\n<\/li>\n<\/ul>\n<\/li>\n<li>\nThe performance in 2020 has remained predominantly organic, with M&amp;A activity comparatively subdued during the year. We acquired only EUR 100m full-year equivalent proforma revenues in 2020 from 26 completed acquisitions. The reduced focus on M&amp;A should continue into 2021 as the Group concentrates on supporting the fight against COVID-19, the integration of prior acquisitions, finalisation of its hub and spoke laboratories infrastructure, bespoke IT solutions and further improving margins and cash generation.\n<\/li>\n<li>\nThe business outlook remains strong for 2021 and beyond.\n<\/li>\n<li>\nFull-year results will be announced on Monday 1st March 2021, where we will disclose in more detail operational and financial performance of the Group in 2020, alongside innovation, strategic developments and a review of unchanged 2021 and 2022 objectives taking into account current forex rates and excluding future M&amp;A.\n<\/li>\n<\/ul>\n<p>\nTo learn more, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.eurofins.com%2Fmedia-centre%2Fpress-releases%2F2021-01-25%2F&amp;esheet=52366584&amp;newsitemid=20210124005085&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.eurofins.com%2Fmedia-centre%2Fpress-releases%2F2021-01-25%2F&amp;index=1&amp;md5=1f3eb43503b9173a923cf6767db85d6c\">https:\/\/www.eurofins.com\/media-centre\/press-releases\/2021-01-25\/<\/a><\/p>\n<p><b>Notes to Editors: <\/b><\/p>\n<p><b>About Eurofins \u2013 the global leader in bio-analysis<\/b><\/p>\n<p>\nEurofins is Testing for Life. With over 50,000 staff across a network of more than 800 laboratories in over 50 countries, Eurofins\u2019 companies offer a portfolio of over 200,000 analytical methods.\n<\/p>\n<p>\nEurofins Shares are listed on Euronext Paris Stock Exchange.\n<\/p>\n<p>\n___________________<br \/>\n<br \/><sup>1<\/sup> These management estimates have not yet been subject to an audit<br \/>\n<br \/><sup>2<\/sup> Excluding COVID related activities\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210124005085r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210124005085\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210124005085\/en\/<\/a><\/span><\/p>\n<p>\nInvestor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@eurofins.com\">ir@eurofins.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Luxembourg Europe<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Medical Supplies Health Infectious Diseases Other Health General Health Biotechnology<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210124005085\/en\/318625\/3\/EUROFINS_jpg.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Eurofins Achieved Revenues in Excess of EUR 5.4bn in 2020, After Continued Momentum in December Across Both Its Core Business and COVID-19 Related Activities LUXEMBOURG&#8211;(BUSINESS WIRE)&#8211; Eurofins (Paris:ERF): Before the annual meeting of 300 of its Business Unit leaders on 26 January 2021, Eurofins pre-announces some of its 2020 results. December 2020 trading performance has been strong in both our core business (excluding COVID-19 clinical reagents and testing revenues) and in our COVID related activities, building further on October and November\u2019s momentum. Eurofins achieved FY 2020 Revenues of over EUR 5.4bn1 (up from the most recent EUR 5.3bn objective and the original target of EUR 5.0bn). Q4 2020 organic growth was close to 40%1. FY 2020 organic growth was close &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eurofins-achieved-revenues-in-excess-of-eur-5-4bn-in-2020-after-continued-momentum-in-december-across-both-its-core-business-and-covid-19-related-activities\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Eurofins Achieved Revenues in Excess of EUR 5.4bn in 2020, After Continued Momentum in December Across Both Its Core Business and COVID-19 Related Activities&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-419882","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eurofins Achieved Revenues in Excess of EUR 5.4bn in 2020, After Continued Momentum in December Across Both Its Core Business and COVID-19 Related Activities - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eurofins-achieved-revenues-in-excess-of-eur-5-4bn-in-2020-after-continued-momentum-in-december-across-both-its-core-business-and-covid-19-related-activities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eurofins Achieved Revenues in Excess of EUR 5.4bn in 2020, After Continued Momentum in December Across Both Its Core Business and COVID-19 Related Activities - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Eurofins Achieved Revenues in Excess of EUR 5.4bn in 2020, After Continued Momentum in December Across Both Its Core Business and COVID-19 Related Activities LUXEMBOURG&#8211;(BUSINESS WIRE)&#8211; Eurofins (Paris:ERF): Before the annual meeting of 300 of its Business Unit leaders on 26 January 2021, Eurofins pre-announces some of its 2020 results. December 2020 trading performance has been strong in both our core business (excluding COVID-19 clinical reagents and testing revenues) and in our COVID related activities, building further on October and November\u2019s momentum. Eurofins achieved FY 2020 Revenues of over EUR 5.4bn1 (up from the most recent EUR 5.3bn objective and the original target of EUR 5.0bn). Q4 2020 organic growth was close to 40%1. 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December 2020 trading performance has been strong in both our core business (excluding COVID-19 clinical reagents and testing revenues) and in our COVID related activities, building further on October and November\u2019s momentum. Eurofins achieved FY 2020 Revenues of over EUR 5.4bn1 (up from the most recent EUR 5.3bn objective and the original target of EUR 5.0bn). Q4 2020 organic growth was close to 40%1. 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