Eurofins Scientific SE

Eurofins Scientific, founded in 1987 by Gilles Martin in Nantes, France and headquartered in Luxembourg, is the world's largest testing, inspection and certification (TIC) leader, spanning food, environment, pharma, clinical diagnostics and consumer products, with roughly 64,000 employees and 900+ laboratories across 50+ countries; FY2025 revenue was EUR 7.30 B (+5.0% reported / +4.1% organic), adjusted EBITDA margin 22.5% (mature business 24.3%) and EPS EUR 2.31 (+24%), while the Martin family holds 32.9% economic interest / 65.8% voting power through Analytical Bioventures. Following Muddy Waters' June 2024 short report alleging self-dealing—which the company fully rebutted—the market's governance discount has yet to fully clear. Rating Watch: a high-quality TIC leader that is reasonably-to-richly valued and awaits a pullback rather than entry at the current price.