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    Fynn Scherzler

    Research Associate at Deutsche Bank

    Fynn Scherzler is a Research Associate at Deutsche Bank AG, focusing on equity research within the European pharmaceuticals and biotechnology sectors. He covers major public companies including Bachem Holding AG, EUROAPI, and Evotec SE, and has contributed to analyst ratings and price target changes such as upgrading Evotec SE and adjusting Bachem’s forecasts. Scherzler began his analyst career at Deutsche Bank and has been actively involved in corporate coverage and report issuance since at least early 2024. While his profile does not list specific FINRA registrations or securities licenses, he is a recognized contributor to analyst teams and has received mention in financial news for recommendation updates and sector insights.

    Fynn Scherzler's questions to Evotec (EVO) leadership

    Fynn Scherzler's questions to Evotec (EVO) leadership • Q2 2025

    Question

    Fynn Scherzler from Deutsche Bank sought clarity on the Just Evotec Biologics (JEP) business, including the revenue mix between production and licensing, the nature of non-Sandoz customer growth, and the potential revenue of a fully utilized JPOD facility.

    Answer

    CEO Christian Wojczewski stated that current deals are packaged offerings, but the company plans to monetize individual components like licensing more directly in the future. CFO Paul Hitchin added that recent non-Sandoz growth is predominantly from development and production revenue. Regarding facility value, Mr. Hitchin noted the ~$300M consideration for the Toulouse site is expected to exceed its current book value but did not confirm a direct revenue-to-CapEx correlation.

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    Fynn Scherzler's questions to Evotec (EVO) leadership • Q1 2025

    Question

    Fynn Scherzler of Deutsche Bank sought clarification on the EBITDA development, asking about the magnitude of phasing in the Just-Evotec business and whether its absolute EBITDA could decline in Q2. He also asked for details on the remaining headcount reduction impact in Shared R&D during Q1 to better forecast Q2 performance.

    Answer

    Executive Paul Hitchin confirmed that while there was some timing-related overperformance in Just-Evotec's Q1, the segment remains on track with the full-year plan. Regarding cost savings, he explained that headcount reductions from the Cologne site closure and other measures occurred throughout Q1, with the full run-rate effect of these savings to become more visible in the coming quarters. CEO Christian Wojczewski emphasized that the overall full-year guidance remains unchanged.

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    Fynn Scherzler's questions to Evotec (EVO) leadership • Q1 2025

    Question

    Fynn Scherzler sought clarity on the EBITDA phasing for the Just-Evotec Biologics business, asking if absolute EBITDA might decline in Q2. He also requested details on the remaining headcount reductions in Shared R&D to better understand the Q2 cost base.

    Answer

    CFO Paul Hitchin confirmed the full-year guidance remains firm and that Q1's outperformance in the Just-Evotec segment was partly due to timing, but the business remains on track for the year. He explained that headcount reductions occurred throughout Q1, and the full run-rate effect of all cost-saving measures will become more visible in the coming quarters.

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    Fynn Scherzler's questions to Evotec (EVO) leadership • Q1 2025

    Question

    Questioned the phasing and magnitude of EBITDA for the Just-Evotec business throughout the year and sought clarity on the timing and impact of headcount reductions in the Shared R&D segment on quarterly results.

    Answer

    The company reiterated its full-year guidance, explaining that Q1's outperformance in the Just segment was due to timing but remains within the annual plan. For Shared R&D, cost savings from headcount reductions that occurred in Q1 will see their full run-rate effect in the coming quarters, with over 50% of planned savings already implemented.

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