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.
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