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Newly Independent Euroapi Targets €1bn Revenues In 2022

French API ‘Powerhouse’ Was Carved Out Of Sanofi In May

 
• By Dean Rudge

Euroapi says it will keep a close eye on challenging market conditions in 2022 as it as announced its first set of financial results and forecasts after separating from Sanofi.

Flag of France in a mixed stack of european coins and a blue background
Euroapi enjoyed peptide advantage in H1 • Source: Shutterstock

Newly public Euroapi, Sanofi’s standalone active pharmaceutical ingredient manufacturing business, has disclosed its 2022 annual financial targets, including net sales of roughly €1bn ($1.01bn) alongside a core EBITDA margin of at least 14%, as part of its first offering of financial results as an independent company.

The French company’s shares began trading on the Euronext Paris bourse on 6 May, following approval of its listing prospectus by the French

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