Brief: Virbac Sees 2024 Revenue Growth Of 4% to 6% At Constant Exchange Rates

Virbac SA

19/03/2024 16:55

March 19 (Reuters) - Virbac SA  VIRB.PA :
    * 2023 ANNUAL RESULTS
    * 2023 REVENUE UP 4.9%, ENABLING MARKET SHARE GAINS DESPITE
DIFFICULTIES
    * 2023 OPERATING PROFITABILITY AT AN ALL-TIME HIGH OF 23.2%
OF
REVENUE
    * FY NET INCOME GROUPSHARE AMOUNTED TO EUR 121.3 MILLION IN
2023,
STABLE COMPARED WITH PREVIOUS YEAR (EUR 121.9 MILLION)
    * 2023 OPERATING INCOME EUR 184.0 MILLION, UP 2.5% YOY
    * 2023 OPERATING CASH FLOW BEFORE INTEREST AND TAXES EUR
235.1
MILLION, UP 2.3% YOY
    * 2023 REVENUE EUR 1.25 BILLION, VERSUS EUR 1.22 BILLION YOY
    * STRONG MOMENTUM EXPECTED IN 2024
    * IN 2024 EXPECTS REVENUE GROWTH OF 4% TO 6% AT CONSTANT
EXCHANGE
RATES AND SCOPE
    * OUTLOOK 2024: OPERATING PROFITABILITY EXPECTED TO RISE BY
0,5
POINT
    * REAFFIRM OUR AMBITION TO ACHIEVE AN EBIT ADJUSTED RATIO OF
20%
BY 2030
    * A NET DIVIDEND PER SHARE OF EUR 1.32 WILL BE RECOMMENDED
FOR
DISTRIBUTION FOR 2023 FISCAL YEAR

Source text for Eikon:  urn:newsml:reuters.com:*:nGNEb1vm2S
Further company coverage:  VIRB.PA 

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