France's Vetoquinol H1 net income rises on US sales growth, strong Essentials products demand
France's Vetoquinol H1 net income rises on US sales growth, strong Essentials products demand
Overview
France animal health firm's H1 sales grew 0.7% on reported basis, 3.4% at constant rates
Net income for H1 2026 rose 21.8% yr/yr to 11.8% of sales
Company's growth driven by Essential products and strong U.S. market performance
Outlook
Vetoquinol did not provide specific financial guidance or outlook for future periods
Result Drivers
ESSENTIALS PRODUCTS - Growth in Essentials products, which now account for two-thirds of sales, supported overall business performance
U.S. MARKET - Strong sales growth in the U.S., up 13.1% in USD, was a key driver for the half-year
PRODUCT MIX AND PRICING - Higher gross margin attributed to increased share of Essentials products and price rises of over 2.5%
Company press release: ID:nBw4rVkpfa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Sales |
| EUR 259.30 mln |
|
H1 Net Income |
| EUR 30.50 mln |
|
H1 EBIT |
| EUR 39.20 mln |
|
H1 EBITDA |
| EUR 53.90 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the pharmaceuticals peer group is "buy"
Wall Street's median 12-month price target for Vetoquinol SA is €81.50, about 22.6% above its September 9 closing price of €66.50
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago
Reuters Recommended Reads
Sept 9 - French medical device maker SpineGuard's H1 loss widens on US sales model shift
Sept 9 - France's Séché Environnement H1 revenue rises on international acquisitions
Sept 9 - French digital service firm Neurones H1 profit up 16.4%
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)