Virbac : Anticipated inflection now perceived as durably under way
>Self-helped recovery - We organised a road show in London on the basis of earnings reflecting a € 34m decline in net debt and an increase in the operating margin of around 80bp to approximately 10% of sales. It transpires that:The situation in the US is stabilising (weaker destocking effect) for the anti-parasitic treatments Iverheart® and Sentinel®, but the rest of the ranges (50% of local sales) are up by around 20% (regained market share). The contributive ma...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.
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.
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