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  "documentTitle": "Eurofins Scientific SE (ERF)",
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  "authorName": "Muddy Waters Research",
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  "presentationDate": "2024-07-03 00:00:00",
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      "text": "We didn't, we do not do factoring. We never did factoring. There's, uh—we don't see reasons for doing that.",
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      "text": "Investor: So does Eurofins participate in factoring of AR or reverse factoring of AP?\nEurofins: We didn't, we do not do factoring. We never did factoring. There's, uh—we don't see reasons for doing that.\nInvestor: Okay, so there's no factoring, either AR or AP?\nEurofins: Nothing. Just, no, no... Anyway, it would have to be disclosed. If you, if you lend your receivables to a bank that will then be disclosed in the borrowing side.\nInvestor: Right, right. Especially if they are recourse. So why did [a disclosure that Eurofins does not factor] get removed [beginning in 2021]?\nEurofins: I don't know. I don't know...We didn't do that, never been an option for us.",
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      "text": "In a recent call between Eurofins' Investor Relations and an investor, the following exchange occurred:",
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      "text": "Investor: So does Eurofins participate in factoring of AR or reverse factoring of AP? Eurofins: We didn't, we do not do factoring. We never did factoring. There's, uh—we don't see reasons for doing that. Investor: Okay, so there's no factoring, either AR or AP? Eurofins: Nothing. Just, no, no... Anyway, it would have to be disclosed. If you, if you lend your receivables to a bank that will then be disclosed in the borrowing side. Investor: Right, right. Especially if they are recourse. So why did [a disclosure that Eurofins does not factor] get removed [beginning in 2021]? Eurofins: I don't know. I don't know...We didn't do that, never been an option for us. — Transcript of call between Eurofins Investor Relations and an investor",
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      "text": "The Factoring Denial",
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