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                                    Why did Evotec's operating profit plummet in Q2 2024?
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                                        5/8/2025 04:27pm
                                    </span></div></div></div> <div class="seo-text-answer" data-v-0eba195e="">Evotec's operating profit plummeted to -$114.48 million in Q2 2024 due to several key factors:

1. **Challenging Market Conditions**: Evotec faced a challenging market environment, particularly in its Shared R&amp;D segment, which led to a decline in revenues. This was due to a soft market and high fixed costs.
2. **Cyber Attack Impact**: The company was affected by a cyber attack in 2023, which continued to impact its development business in Q2 2024.

In summary, Evotec's operating profit decline is a result of a combination of challenging market conditions and the ongoing impact of a cyber attack.</div> <div class="dialog_answer" data-v-0eba195e=""><div class="dialog_content" data-v-0eba195e=""><div class="answer_content" data-v-0eba195e=""></div></div></div></div></div> </div></div></div> </div> <div class="extra-module" data-v-261d488f=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/recommend-logo.4f9ccc8.png" alt="right-logo" fetchpriority="high" class="recommend-logo-img" data-v-261d488f=""> <div class="recommend-part" data-v-7790c618="" data-v-261d488f=""><div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/screener-recommend-icon.b007ca8.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime finds your next big stock</span></div> </div> <div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/stock-recommend-icon.77f1c78.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime powers your decisions</span></div> </div></div> </div> <div class="container-mask" style="display:none;"></div></div></div></div><script>window.__NUXT__=(function(a,b,c,d,e,f,g,h,i,j,k,l,m,n,o,p,q,r,s,t,u,v,w,x,y,z,A,B,C,D,E,F,G,H,I,J,K,L,M,N,O,P,Q,R,S,T,U,V,W,X,Y,Z,_,$,aa,ab,ac,ad,ae,af,ag,ah,ai,aj,ak,al,am,an,ao){return {layout:"default",data:[{noData:c,currentQuestion:d,textDescription:E,comeFrom:"AInvestShareLink",events:[],answerSource:l}],fetch:{},error:m,state:{sharePreviewModule:{loadJgySuccess:g,dialogRenderList:[{originAnswer:{input_media_info:[],session_round:1,agent_id:a,output_media_info:[],task_id:a,language:a,source:l,cache_builder:a,reply_action:"Answer",execute_mode:v,event_refresh_answer:a,param:"{\"entity_info\":{},\"add_info\":{\"ori_question\":\"Why did Evotec's operating profit plummet in Q2 2024?\"},\"event_list\":[],\"client_ip\":\"\",\"question\":\"Why did Evotec's operating profit plummet in Q2 2024?\",\"user_id\":\"dp64923829\",\"user_name\":\"\",\"trace_id\":\"55f48704-a179-420a-8f3b-01374c3ea1a4\",\"session_id\":\"55f48704-a179-420a-8f3b-01374c3ea1a4\",\"source\":\"ths_ainvest_lite_web\",\"input_type\":\"typewrite\"}",agent_info:[{info_type:"search",raw_data:{number:F,title:G,summary:H,full_summary:"Release Date: November 06, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Evotec SE (EVOTF, Financial) reported strong revenue growth in its biologics segment, with a 74% increase compared to the previous year, driven by partnerships with companies like Sandoz. The company has successfully implemented over 60% of its targeted annualized cost savings, aiming for EUR40 million in savings by 2025. Evotec SE (EVOTF) has expanded its strategic partnerships, including collaborations with Novo Nordisk and BMS, enhancing its R&D capabilities and market position. The company has made significant progress in its liquidity position, with a positive free cash flow of EUR16.7 million in Q3, aided by cash proceeds from partnerships. Evotec SE (EVOTF) is on track to achieve its 2024 guidance, expecting group revenues between EUR790 million and EUR820 million, and adjusted EBITDA of EUR15 million to EUR35 million. Negative Points The company faced challenges in its shared R&D segment, with revenues declining due to a soft market and high fixed costs. Evotec SE (EVOTF) has not fully recovered from the impact of a cyber attack in 2023, particularly affecting its development business. The market environment remains challenging, with persistent pressures in the biotech and pharma sectors, impacting demand for Evotec SE (EVOTF)'s services. The company is undergoing a significant transformation, which includes headcount reductions and site closures, potentially affecting its operational capacity. Evotec SE (EVOTF) has not provided specific guidance for 2025, citing uncertainties in market conditions and ongoing strategic reviews. Q & A Highlights Q: Can you narrow down when the full strategic update will be provided in H1? Will it be at the full year results in April or a separate event? 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did Evotec's operating profit plummet in Q2 2024?","55f48704-a179-420a-8f3b-01374c3ea1a4","other\u002FopenAnswer",0,"progress\u002Fsearching_for",1000,"searching_for","llm_generated","ths_ainvest_lite_web",null,"📊 What is the current market sentiment and analyst expectations for Evotec's future profitability?","📈 How did Evotec's revenue and cost structure change in Q2 2024 compared to previous quarters?","🎯 How did Evotec's research and development expenses evolve in Q2 2024, and could this be a factor in the operating profit drop?","STR","dp64923829",2001,"rich_text","auto","agent","469c135cc11be2d4_0",1746692864951,"explain news events","thinking","The user wants to analyze why Evotec's operating profit decreased in Q2 2024. I should focus on the operating profit decrease in Q2 2024 and its analysis. I will use FinQuery for the data mentioned above; use Search for the analysis of corresponding quarter and year.","signal","39196","\u002F\u002Fcdn.ainvest.com\u002FfrontResources\u002Fs\u002Ffoiegras\u002FrecommendList\u002F1.12.0\u002FrecommendList@1.12.0index.js","Evotec's operating profit plummeted to -$114.48 million in Q2 2024 due to several key factors:\n\n1. **Challenging Market Conditions**: Evotec faced a challenging market environment, particularly in its Shared R&D segment, which led to a decline in revenues. This was due to a soft market and high fixed costs.\n2. **Cyber Attack Impact**: The company was affected by a cyber attack in 2023, which continued to impact its development business in Q2 2024.\n\nIn summary, Evotec's operating profit decline is a result of a combination of challenging market conditions and the ongoing impact of a cyber attack.",9,"Evotec SE (EVOTF) Q3 2024 Earnings Call Highlights: Navigating Market Challenges with Strategic Growth","Release Date: November 06, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Evotec SE (EVOTF, Financial) reported strong revenue growth in its biologics segment, with a 74% increase compared to the previous year, driven by part...","https:\u002F\u002Fwww.gurufocus.com\u002Fnews\u002F2588094\u002Fevotec-se-evotf-q3-2024-earnings-call-highlights-navigating-market-challenges-with-strategic-growth","2024-11-05","469c135cc11be2d4","oeqxkhszf","oeqxkhszf_layer","base","agent_common_v2\nagent-summary","normal_agent","NONE","typewrite","stock","185","Searching Web",999,"Evotec's operating profit plummeted to -$114.48 million in Q2 2024 due to several key factors:\n\n1","Evotec",". **Challenging Market Conditions**: Evotec faced a challenging market environment, particularly in its Shared R&D segment, which led to a decline in revenues. 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