Evotec (EVT) Morgan Stanley 24th Annual Global Healthcare Conference summary

Initial reflections and organizational strengths

• Scientific expertise and breadth of knowledge are key differentiators, offering a wide range of services.

• The company's story and value proposition are complex, requiring clearer market communication.

• An outside-in perspective enables objective questioning and process simplification.

• Transparent internal dialogue is used to drive future performance.

Market environment and customer sentiment

• Sector funding is improving, especially in later-stage pipeline investments, boosting market confidence.

• Commercial indicators, including year-on-year sales, show positive momentum.

• Customers are cautiously optimistic, focusing investments for maximum returns.

Horizon transformation program

• Horizon targets €75 million in savings, with 20–30% impact expected in 2026.

• Initiatives include site consolidation, centers of expertise, commercial investment, and process simplification.

• The program aims to create a stable, growth-oriented platform beyond cost savings.