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9-month sales: €398 million (+1.8% at constant exchange rates and +1.6% on a reported basis)
9-month sales of essential products: €241million (+3.9% at constant exchange rates and on a reported basis)
LURE, France, October 30, 2024--(BUSINESS WIRE)--Regulatory News:
At the end of September 2024, Vetoquinol (Paris:VETO) sales totaled €398 million, up +1.6% on a reported basis and +1.8% at constant exchange rates. Over the same period, the laboratory recorded net negative currency impacts of €-1 million, linked to the Americas and Asia Pacific/Rest of World territories, partially offset by positive currency impacts of +1.4M€ on the Europe territory.
Sales of Essential products totaled €241 million, up +3.9% on a reported basis and at constant exchange rates. Essential products accounted for 61% of the laboratory's sales at September 30, 2024, compared with 59% for the same period in 2023.
At constant exchange rates, the strategic territories of Europe and Asia-Pacific/Rest of World grew by +3.6% and +12.3% respectively; the United States remained down -11.5% due to the situation described at the time of the presentation of Half-Year Results 2024, namely a drop in inventories with American wholesalers and the temporary unavailability of a range of products. Excluding the United States, the Americas territory grew by +7.6%.
Sales of products for companion animals (€281 million) rose by 1.6% at constant exchange rates, and accounted for 70.4% of the laboratory's total sales. Sales to farm animals came to €117 million, up +2.0% at constant exchange rates.
Vetoquinol recorded sales of €134 million in the 3rd quarter of FY 2024, stable (-0.5% at constant exchange rates.) Foreign exchange had a negative impact of €1 million (-1.0%), mainly in the Americas excluding the United States.
The laboratory's cash position strengthened in the third quarter of 2024.
Sales for the first 9 months of 2024 have not been audited by the Statutory Auditors.
Next publication: Annual sales 2024, January 30, 2025 after market close
ABOUT VETOQUINOL
Vetoquinol is a leading international player in animal health, with operations in Europe, the Americas and Asia/Pacific.
Independent and a pure player, Vetoquinol innovates, develops and markets veterinary medicines and non-medicated products for farm animals (cattle, pigs) and pets (dogs, cats).
Since its creation in 1933, Vetoquinol has combined innovation and geographic diversification. The strengthening of the product portfolio and acquisitions in high-potential territories ensure hybrid growth for the Group. At June 30, 2024, Vetoquinol employed 2,519 people.