Virbac - Business activity rebounds sharply in Q3 and annual guidance revised upwards this time
Organic sales up by almost 8% in Q3, well ahead of our forecastsAll regions up cc, including Chile, which has finally returned to growthUpward revision of annual guidance, leading us to raise our guidance for 2023We remain at BUY with a price target of €335/share (vs. €320 previously).Virbac is an independent veterinary pharmaceutical laboratory. Co. develops and provides veterinarians and farmers with medicines and vaccines that improve the health of food producing animals. Co. markets a range of products designed for pets and livestock. It offers seven types of products for companion animals (Parasiticides, Immunology, Antibiotics/dermatology, Specialties, Equine, Specialized pet food and Other products), and four types of products for food producing animals (Bovine parasiticides, Bovine products (excluding parasiticides), Pig/poultry antibiotics and Other products). Co. markets its products in the ethical (veterinarian) and OTC markets.
We are an investment house with Belgian roots founded on more than 150 years of trust.
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