Virbac: CEO net profit generally unchanged in 2023


(CercleFinance.com) – Virbac publishes a turnover of 1,247 ME for the 2023 financial year, up 2.5% compared to 2022 and +4.9% at constant exchange rates and scope.

Current operating profit stands at 185 ME (+1.1%), while the group’s net profit is almost stable at 121.3 ME (compared to 121.9 ME in 2022).

‘In 2024, at constant exchange rates and scope, we anticipate an adjusted Ebit to turnover ratio of around 15% and growth in turnover estimated, at this stage, between 4% and 6%’, indicates the society.

Virbac reaffirms its ambition to achieve an adjusted Ebit ratio of 20% by 2030.

The company adds that the distribution of a net dividend of E1.32 per share for the 2023 financial year will be proposed to the next general meeting of shareholders.

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