Virbac has announced fourth-quarter sales of 294.9 ME, up +15.9% at constant exchange rates, compared with the same period in 2021.

This brings full-year sales to ME 1,216.1, up 9.6% at constant exchange rates.

The exceptional performance of the last quarter, which was unexpected in a sharply slowing market, enables us to slightly exceed the top end of our sales range for 2022", says the company.

For 2023, the company is targeting a ratio of 'operating income before amortization of assets acquired through acquisitions' to 'sales' of between 13% and 14% at constant exchange rates, with sales growth at constant exchange rates and scope of consolidation expected to be between 4% and 6%.

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