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in good shape thanks to the virus, Eurofins remains optimistic

Eurofins Scientific, French giant of analysis laboratories, saw its net profit almost triple in 2020 thanks to strong activity linked to the Covid-19 pandemic, he announced on Monday, confirming his optimism for the coming period .

Last year, Eurofins posted a profit of 539 million euros, almost three times more than the 195 million in 2019. Its revenues, already announced at the end of January, rose 18% to 5.4 billion.

The group benefited from the exceptional context of the Covid-19 pandemic, in the face of which it says it highlights its “quick response», Tests having taken an intense tour across the world to detect the virus on a daily basis.

The pandemic has also had a negative effect by slowing down its usual activities such as food.

But, in the end, the results are positive. Taking all these effects into account, Eurofins estimates that the Covid-19 earned it 550 million euros in additional income last year.

Now, the group, which employs more than 50,000 people in 50 countries and operates more than 800 laboratories, is optimistic about its future.

Beyond the pandemic, he hopes to benefit from the recovery of the global economy, a sustainable increase in investments in the sector and “new technologies born from recent advances linked to the Covid-19 pandemic“, In the words of its CEO, Gilles Martin, quoted in a press release.

Eurofins is thus counting on a year 2021 at the level of the exceptional activity of last year. He expects in particular a turnover up slightly, to 5.45 billion euros.

However, he warns that these objectives remain fluctuating in the context of current uncertainties.

«2021 results could be substantially higher if Covid-19 testing continues at current levelThe group remarked.

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