Edition:
United Kingdom

Virbac H1 Revenue Up At 429.7 Million Euros At Constant Exchange Rates


Tuesday, 17 Jul 2018 

July 17 (Reuters) - VIRBAC SA ::VIRBAC : REVENUE GREW BY +4.3% AT CONSTANT EXCHANGE RATES IN THE SECOND QUARTER OF 2018.NET REVENUE 1 (ST)HALF 2018- PROVISIONAL EUR 429.7 MILLION.H1 TOTAL GROWTH -1.8% GROWTH AT CONSTANT EXCHANGE RATES +3.8%.SEES FY CURRENT OPERATING PROFIT BEFORE DEPRECIATION OF ASSETS ARISING FROM ACQUISITIONS RATIO ON REVENUE GROWING AT AROUND 0.5 POINTS AT CONSTANT EXCHANGE RATES COMPARED TO 2017.SAYS UNITED STATES, FIRST HALF-YEAR ACTIVITY SHOWS A DECLINE OF -11.9 PERCENT.GROUP REVENUE REACHED EUR 236.2 MILLION IN Q2.SEES FY DEBT RELIEF SHOULD BE AROUND €30 MILLION FOR THE YEAR AT CONSTANT EXCHANGE RATES.GROUP ANTICIPATES GROWTH IN REVENUE AT CONSTANT RATES THAT SHOULD SHOW A LOW SINGLE-DIGIT INCREASE IN 2018 COMPARED TO 2017.