2024 - Virbac: 3% drop in half-year net profit

(CercleFinance.com) – Virbac publishes a net profit group share down 3.2% to 75 million euros for the first half of 2023, and a ratio of ‘current operating profit before amortization of assets resulting from acquisitions’ on turnover down 0.6 points to 18.4% at constant exchange rates.

At 610.5 million euros, the turnover of the animal health group fell by 1%, but remained stable (+0.4%) excluding currency effects, favorably impacted by price increases. (effect estimated around +5%) which compensated for the drop in volumes.

Virbac confirms its 2023 forecasts of turnover growth at constant rates and scope of between 0 and 4% and a ROC ratio before depreciation of assets resulting from acquisitions on turnover which should consolidate between 12% and 13 % at constant exchange rates.

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