Brief: Virbac Says Q1 Revenue At EUR 345.7 Mln, Up 9.8% At Actual Exchange Rates Compared To Same Period In 2023

Virbac SA

16/04/2024 16:49

April 16 (Reuters) - Virbac SA  VIRB.PA :
    * VIRBAC SA - FIRST-QUARTER REVENUE AMOUNTED TO EUR 345.7
MILLION,
UP +9.8% AT ACTUAL EXCHANGE RATES COMPARED TO SAME PERIOD IN
2023
    * VIRBAC SA - IN 2024, AT CONSTANT EXCHANGE RATES AND SCOPE,
WE
EXPECT A GROWTH IN REVENUE ESTIMATED AT THIS STAGE TO BE BETWEEN
4% AND 6%
    * VIRBAC SA - FOR 2024, EXCLUDING ACQUISITIONS, OUR CASH
POSITION
IS EXPECTED TO IMPROVE BY EUR 30 MILLION
    * VIRBAC SA - FOR 2024, GIVEN ACCELERATION OF OUR EFFORTS IN
RESEARCH AND DEVELOPMENT AND CONSIDERING EXPECTED INVESTMENTS
OVER PERIOD, ESTIMATED TO BE AROUND EUR 100 MILLION
    * VIRBAC SA - IN 2024, RATIO OF "CURRENT OPERATING INCOME
BEFORE
DEPRECIATION OF ASSETS RESULTING FROM ACQUISITIONS" (EBIT
ADJUSTED) TO "REVENUE" AROUND 15%

Source text for Eikon:  ID:nGNE8lblpv 
Further company coverage:  VIRB.PA 

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