Virbac: FY sales pretty flat
(CercleFinance.com) - Virbac, a company specialied in animal health, has posted full-year revenue of 934.
2 million euros, up 1.8% excluding Sentinel (-0.4% at actual exchange rates and consolidation scope).
Excluding unfavourable FX factors, revenues increased by 5.7% excluding Sentinel.
The animal health group confirms that the ratio of underlying operating profit before the amortisation of assets from acquisitions to sales should be around 14% at constant exchange rates and at an actual consolidation scope in 2020.
In 2021, it expects LFL sales growth of 3% to 5% (0% and 2% at constant exchange rates and actual consolidation scope), as well as underlying OP before the amortisation of assets acquired to sales ratio of between 10% and 12% at constant exchange rates.
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