Business
Interim Results
Interim Results.
About this update from Animalcare Group Plc
[{"type":"text","content":"\n RNS Number : 4329H Animalcare Group PLC 22 February 2010 \n \n\n \n \n \nANIMALCARE GROUP PLC\n \n(\"Animalcare\" or \"the Company\")\n \nUnaudited Interim Results for the six months ended 31 December 2009\n \nAnimalcare, the supplier of pharmaceutical and other premium products and services to the veterinary industry and the manufacturer and supplier of premium quality livestock products to agricultural retailers announces its interim results for the six months ended 31 December 2009.\n \nFinancial Highlights\n· Revenue up 15% to £8.93m (2008: £7.76m)\n· EBITDA up 26% to £1.21m (2008: £0.82m)\n· Adjusted operating profit up 62% to £0.98m (2008: £0.6m)\n· Stable and improving margins\n· Strong cash generation \n· Reduction of net debt\n \nOperational Highlights\n· Continued sales growth across all three product categories:\n· Veterinary medicines sales growth driven by continued new product development\n· Companion animal identification sales growth underpinned by Identichip companion animal microchip\n· Animal Welfare sales growth aided by agricultural and companion animal products\n \nJames Lambert, Chairman of Animalcare said \"I am pleased to report strong growth in revenue and EBITDA, especially in our companion animal business. Although the market for our key livestock products is challenging we anticipate trading to improve in the second half of the year and are confident that our licensed veterinary medicines will continue to deliver revenue and profit growth in line with expectations.\"\n \n \nFor further information:\nAnimalcare plc\nJames Lambert (Chairman) 01765 689541\nSimon Riddell (Chief Executive) \n \nBrewin Dolphin Investment Bankin...