Virbac: net income unchanged overall in 2023

(CercleFinance.com) - Virbac has announced FY 2023 sales of E1,247m, up 2.
5% on 2022 and +4.9% LFL.

Operating income before non-recurring items was E185m0 (+1.1%), while net income, group share, is virtually flay at E121.3m (vs. E121.9m in 2022).

In 2024, at constant exchange rates and scope of consolidation, we anticipate an adjusted Ebit/sales ratio of around 15%, and sales growth estimated, at this stage, at between 4% and 6%, the company said.

Virbac reaffirms its aim of achieving an adjusted Ebit ratio of 20% by 2030.

The company adds that a net dividend of E1.32 per share will be proposed to the next AGM for FY 2023.


Copyright (c) 2024 CercleFinance.com. All rights reserved.