Vetoquinol: Sales at End September 2024
October 30 2024 - 11:45AM
Business Wire
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)
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.
Vetoquinol has been listed on Euronext Paris since 2006
(mnemonic code: VETO). Vetoquinol is eligible for PEA and
PEA-PME.
APPENDIX
€m
2024
2023
Change
(reported data)
Change
(constant exchange rates)
Q1 Sales
133,6
145,4
-8,1%
-8,0%
Q2 Sales
130,8
110,8
+18,0%
+17,8%
Q3 Sales
133,7
135,8
-1,5%
-0,5%
YTD Sep. sales
398,2
392,0
+1,6%
+1,8%
ALTERNATIVE PERFORMANCE INDICATORS Vetoquinol Group
management believes that these non-IFRS indicators provide
additional information that is relevant to shareholders in their
analysis of the Group's underlying trends, performance and
financial position. These indicators are used by management to
analyze performance.
Essential products: Essential products are veterinary
medicines and non-medicinal products marketed by the Vetoquinol
Group. These are leading products, or products with the potential
to become leaders, which meet the day-to-day needs of veterinarians
in the farm animal and companion animal segments. These products
are destined to be marketed worldwide, thus leveraging their
economic performance.
Constant exchange rates: The term "constant exchange
rate" refers to the application of the previous period's exchange
rates to the current year, all other things being equal.
Organic growth: Organic growth refers to growth in
Vetoquinol's sales due to an increase in sales volume and/or prices
in year N compared with year N-1, at constant exchange rates and
scope of consolidation.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241030043319/en/
FOR FURTHER INFORMATION PLEASE CONTACT :
VETOQUINOL
Investor Relations Fanny Toillon Tel: +33 (0)3 84
62 59 88 relations.investisseurs@vetoquinol.com
Vetoquinol (EU:VETO)
Historical Stock Chart
From Nov 2024 to Dec 2024
Vetoquinol (EU:VETO)
Historical Stock Chart
From Dec 2023 to Dec 2024