Eurofins Scientific SE

ERF: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€83.00	Mdkqv	Qssdsdtb

Eurofins' Margin Under Pressure, Though COVID-19 and Pricing Power Supporting Top Line; Maintain FVE

Aaron Degagne

Jul 27, 2022

Eurofins reported a mixed second quarter with surprisingly steady revenue growth and upbeat guidance, though this was offset by a decline in margin from a mix shift away from COVID-19 products and the effect of higher operating costs. We are maintaining our EUR 80 fair value estimate and narrow moat rating, and shares remain fairly valued even after a moderate share price decline following earnings.

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