H1 revenue 3.419 bln eur, up 6.5% (Il Sole 24 Ore Radiocor) - Paris, 24 Jul - The French pharmaceutical, food, and environmental testing company Eurofins Scientific said that in the first half its net profit rose 46% to 220 million euros.

Total revenue rose 6.5% to 3.419 billion euros, supported by organic growth in the core business of 5.6%.

Adjusted EBITDA grew 18.3% to 757 million euros, with the margin widening to 22.1% from 19.9%.

Generation of free cash flow before investment in owned sites increased by 171% year on year to 341 million euros.

Free cash flow to the firm increased 276% to 279 million euros.

Financial leverage was down to 1.9 times at the end of June versus 2.0 times at the end of 2023 and "well within" its targeted range of 1.5-2.5 times.

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(RADIOCOR) 24-07-24 18:46:51 (0732) 5 NNNN