Brief: Vetoquinol Updates "Ambition 2026" Strategy

Vetoquinol SA

23/09/2022 17:11

Sept 23 (Reuters) - Vetoquinol SA  VETO.PA :
    * "AMBITION 2026" PLAN AIMS TO ACHIEVE HIGH PROFITABILITY
WITHIN
EBITDA MARGIN CORRIDOR AROUND 20%
    * CORRIDOR CONCEPT IS NECESSARY BECAUSE RESULTS OF THIS PLAN
WILL
BE PROGRESSIVE AND NON-LINEAR
    * IMPLEMENTATION OF THIS PLAN WILL RESULT IN AN INCREASE IN
RESEARCH AND DEVELOPMENT AND MARKETING EXPENSES RELATED TO
LAUNCH OF NEW GLOBAL BRANDS
    * INVESTMENTS WILL INCREASE FROM HISTORICAL ANNUAL AVERAGE
OF EUR
15 MILLION TO EUR 25 MILLION OVER NEXT THREE YEARS

Source text for Eikon:  ID:nBwbqq8Rna 
Further company coverage:  VETO.PA 
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