Eurofins Says Audit Shows No Evidence of Material Misstatements

Eurofins Scientific says independent audit shows no evidence indicating material misstatements in Eurofins’ cash statements, concerns with its cash management and accounting practices or issues with the authenticity of its documentation, according to statement.

• Audit by Ernst & Young Paris (EY) in response to short seller reports published by Muddy Waters in June and July 2024
• No indication of irregularly altered documents was identified
• Cash pooled at national level is up-streamed through a second layer of cash-pooling to centralise the available cash at the Group’s headquarters. The Group invests the cash surplus on short-term fixed deposit accounts which correspond ...