Virbac Earnings Call Transcripts
Fiscal Year 2025
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2025 saw 7.9% organic growth, strong margin discipline, and record R&D and CapEx investment, with all regions and segments contributing. 2026 guidance targets 5.5%-7.5% revenue growth, 17% EBITDA margin, and continued expansion in pet food and innovation platforms.
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H1 2025 saw 5.6% organic growth, strong performance in most regions, and robust contributions from new products and acquisitions. EBIT margin declined due to temporary effects, but guidance and long-term targets remain unchanged. CapEx and R&D investments are accelerating.
Fiscal Year 2024
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Revenue grew 13.6% at constant exchange rates, with strong organic and acquisition-driven gains, and net result rose to EUR 145 million. EBIT adjusted margin hit 16.6%, and 2025 guidance targets 4%-6% revenue growth and stable profitability.
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Strong organic and acquisition-driven growth led to record profitability, with all major segments and regions contributing. Guidance for 2024 was raised, and major CapEx and R&D investments continue, while leadership transitions are underway.