Report
Christophe-Raphaël Ganet

Vetoquinol : CA et ROC S1 2020 supérieurs à notre attente – Relèvement de nos attentes – OC relevé à 70 € vs 64.5 €

>CA T2 – ROC S1 meilleur qu’attendu - Le CA T2 se comporte bien puisqu’il a atteint 92.7 M€ (+1.9%), soit un CA S1 à 196.1 M€ (+6.7% et +7,5% à ptc./ impact du BRL). Nous étions sans doute trop conservateurs dans nos prévisions.Les animaux de compagnie (58% du CA total) sont en hausse de 6.8% à tcc. pendant que les animaux de rente (42%) progressent de 8.5% à tcc. Le ROC av. amortissement des actifs acquis S1 progresse fortement (+46%) et se situe à 28 M€. Le cas...
Underlying
Vetoquinol SA

V?toquinol is a global player in the animal health sector, serving both the livestock (cattle and pigs) and pet (dogs and cats) markets. Co. designs, develops, and sells veterinary drugs and non-medicinal products in Europe, the Americas and the Asia Pacific region, as an independent entity. Co. is also active in the therapeutic fields of anti-infectives, pain-inflammation and cardiology-nephrology treatment. As of Dec 31 2013, Co.'s product portfolio included brands such as Aurizon®, Epiphen®, Ipakitine®, Marbocyl®, Propalin®, Tolf?dine®, Tolfine®, Clavaseptin®, and Vetprofen®. Co.'s brands are V?toquinol, Tomlyn, and Evsco in the U.S.A. and Equistro for the horse range.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Christophe-Raphaël Ganet

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