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Selvita Group reports strong business performance for Q3 YTD 2022

Selvita S.A. [WSE: SLV], one of the largest contract research organizations (CRO) in Europe, reported its financial results for Q3 2022*. The Group continues its dynamic growth, exceeding the assumptions of the ambitious development strategy for 2022-2025 presented in March this year

By AP News
Published - Nov 10, 2022, 05:16 PM ET
Last Updated - Mar 26, 2024, 08:52 AM EDT

KRAKOW, Poland, Nov. 10, 2022 /PRNewswire/ -- Selvita S.A. [WSE: SLV], one of the largest contract research organizations (CRO) in Europe, reported its financial results for Q3 2022*. The Group continues its dynamic growth, exceeding the assumptions of the ambitious development strategy for 2022-2025 presented in March this year.

  • In Q3 2022, Selvita Group generated EUR 22.7 million in revenues, indicating a 33% increase y/y. EBITDA profit amounted to EUR 6.2 million and was 31% higher than in the corresponding period in 2021. The net profit reached EUR 3.3 million, i.e., 50% more than in the previous year. This means that the EBITDA profitability will be maintained above 27%, and the net profitability will increase from 12.8% to 14.5% y/y.
  • In Q1-Q3 2022, the Group generated EUR 65.6 million in revenues, which means an increase of 38% y/y. The EBITDA profit in this period was EUR 18.3 million and was 48% higher than in the previous year. Net profit amounted to EUR 10.3 million (an increase of 68% y/y). Thus, the EBITDA profitability in Q1-Q3 2022 increased from 25.9% to 27.9%, and the net profitability from 12.9% to 15.8% y/y.
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