Business
Half-year Report
Half-year Report.
About this update from Animalcare Group Plc
[{"type":"text","content":"\n \nRNS Number : 8917W Animalcare Group PLC 15 February 2017 \n\nAnimalcare Group plc\n(\"Animalcare\" or the \"Group\")\n \nHalf-year Report\n \nAnimalcare Group plc (AIM: ANCR), a leading supplier of veterinary medicines, announces interim results for the six months ended 31st December 2016. The Board is pleased to report a very strong first half-year for the Group, ahead of the Board's expectations.\n \nAnimalcare's business is made up of three product groups: Licensed Veterinary Medicines, Animal Welfare Products and Companion Animal Identification.\n \nFinancial Summary\n\n\n\n\n \n\n\n6 months to\n31st Dec 2016\n\n\n6 months to\n31st Dec 2015\n\n\n% change\n\n\n\n\nRevenue\n\n\n£7.97m\n\n\n£7.11m\n\n\n+12.0%\n\n\n\n\n\n\nUnderlying* operating profit\n\n\n£1.90m\n\n\n£1.55m\n\n\n+22.6%\n\n\n\n\nUnderlying* EBITDA\n\n\n£2.12m\n\n\n£1.68m\n\n\n+26.0%\n\n\n\n\nBasic underlying* EPS\n\n\n7.8p\n\n\n6.2p\n\n\n+25.8%\n\n\n\n\nReported operating profit\n\n\n£1.85m\n\n\n£1.49m\n\n\n+23.5%\n\n\n\n\nBasic EPS\n\n\n7.5p\n\n\n6.1p\n\n\n+23.0%\n\n\n\n\nCash and cash equivalents\n\n\n£7.01m\n\n\n£6.10m\n\n\n+15.0%\n\n\n\n\nInterim dividend\n\n\n2.0p\n\n\n1.8p\n\n\n+11.1%\n\n\n\n\n \n* Underlying measures are before the effect of exceptional and other items. These are analysed in note 3. EBITDA is defined as the group profit before interest, taxation, depreciation and amortisation.\n \nHighlights\n· Strong revenue growth from our Licensed Veterinary Medicines group, up 17.2% to £5.37m (2015: £4.58m) driven by strong domestic and export like-for-like growth of 13.0%, and 4.2% contribution from sales of four new products launched in the period.\n· Revenues from the Animal Welfare Products range increased 13.3% to £1.51m (2015: £1.34m).\n· Continued focus on our export business started delivering significant commercial benefit with revenues up 37.7% versus prior period.\n· Momentum in our product development pipeline continues with expenditure in the period of £0.6m and anticipated full year investment increasing to £2.0m (FY16: £1.6m).\n \nJames Lambert, Chairman of Animalcare Group plc, said: \"The business continued to perform strongly during the first six months of its financial year with sales up by 12% to £8.0m. Given t...