Eurofins Scientific SE (CHIX:ERFp)
€ 48.28 0 (0%) Market Cap: 8.96 Bil Enterprise Value: 11.83 Bil PE Ratio: 24.76 PB Ratio: 1.75 GF Score: 86/100
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Q1 2019 Eurofins Scientific SE Interim Management Statement Call Transcript

Apr 26, 2019 / 01:00PM GMT
Release Date Price: €38.74 (+1.15%)
Operator

Good day, and welcome to the Eurofins Scientific Q1 2019 Management Update Conference Call. Today's conference is being recorded.

And at this time, I would like to turn the conference over to Mr. Gilles Martin, Chief Executive Officer. Please go ahead.

Gilles G. Martin
Eurofins Scientific SE - Chairman of the Board & CEO

Good day, everybody, and thanks for joining our quarterly conference call. Once again, Eurofins have had -- had very strong growth in Q1. A large part of it, of course, due to the many acquisitions, the exceptional level of acquisitions we did in 2018. We're also in the 27% total growth of about 2% FX benefit, which is linked to our investments in the -- mainly, to our investments over the last few years in North America. So we invested a lot since 2011 in the United States, where the -- at times, where the dollar was less strong against the euro than it is today. So we're benefiting from that today.

Otherwise, if we accept the effect of calendar days, which is low in Q1 and will normalize back by the end of Q3, the

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