Virbac SA
PAR:VIRP

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Virbac SA Logo
Virbac SA
PAR:VIRP
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Price: 353.5 EUR -0.84% Market Closed
Market Cap: 3B EUR

Virbac SA
Investor Relations

Founded in 1968 in the picturesque city of Carros near Nice, France, Virbac SA has grown to become a formidable player in the animal health industry. With its roots firmly planted in the niche of veterinary medicine, the company was established by Pierre-Richard Dick, a veterinarian himself, who sought to fill a gap in high-quality veterinary products. Today, Virbac stands as one of the largest independent veterinary pharmaceutical companies, with an extensive global presence spanning more than 100 countries. The company’s portfolio is diverse, encompassing products for both livestock and pets, including vaccines, antibiotics, and specialty diets designed to enhance animal health and welfare. By focusing on R&D and maintaining robust relationships with veterinary professionals, Virbac continually develops solutions that address the evolving needs of animal care.

Virbac’s business model revolves around an intricate balance of innovation and strategic market expansion. The company's revenue streams derive from its comprehensive range of products aimed at disease prevention and treatment, which serve various species such as cattle, swine, poultry, horses, cats, and dogs. By investing significantly in research and development, Virbac not only stays ahead in terms of product efficacy and safety but also navigates the regulatory landscapes across its operating regions. This drive to innovate is coupled with a meticulous marketing strategy that involves educating veterinary professionals and end-users, ensuring the optimal use of their products. As a result, Virbac successfully generates income through the direct sale of its products to veterinary clinics, distributors, and directly to pet owners, continually reinforcing its role as a trusted partner in animal health care globally.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Sep 15, 2025
AI Summary
Q2 2025

Strong Revenue Growth: Virbac reported 5.6% organic growth in the first half of 2025, with solid contributions from both pricing (about 3%) and volume (2%), and new product launches playing a significant role.

Profitability In Line With Guidance: EBIT adjusted was EUR 135 million (18.3% of revenue), slightly down versus last year due to temporary effects, but management reaffirmed confidence in reaching the full-year margin guidance.

Negative Foreign Exchange Impact: Exchange rates, especially in Latin America and the Chilean Peso, negatively affected both top and bottom lines, reducing EBIT margin by 0.7 percentage points.

CapEx Ramping Up: CapEx spending doubled compared to H1 2024, exceeding EUR 50 million, as part of planned industrial transformation projects, with full-year CapEx expected above EUR 100 million.

2025 Guidance Reaffirmed: The company confirmed its full-year outlook: 4–6% net revenue growth (5–7% including Sasaeah acquisition), approximately 16% EBITDA margin at constant exchange rates, and net debt evolution in line with plan.

M&A and Licensing Activity: No new acquisitions in H1, but licensing deals were strong (9 commercial, 3 technological), and M&A remains a core strategic focus.

Midterm Margin Target Maintained: Management reiterated the ambition to reach a 20% EBIT margin by 2030 and sees no current reason to change this goal.

Key Financials
Revenue Growth (Organic)
5.6%
EBIT Adjusted
EUR 135 million
EBIT Adjusted Margin
18.3%
Net Result
EUR 82.2 million
Net Debt
EUR 201 million
Net Cash Flow
Slightly below EUR 100 million
CapEx
Over EUR 50 million (H1 2025)
R&D Spend (as % of Revenue)
8.5% (target for 2025)
Earnings Call Recording
Other Earnings Calls
2025

Management

Mr. Habib Ramdani
Interim CEO & CFO
No Bio Available
Mr. Marc Bistuer
Deputy CEO and Head of Compliance & Corporate Quality Assurance
No Bio Available
Ms. Sandrine Brunel
Head of Corporate Communications
No Bio Available
Ms. Nathalie Pollet
Head of Global Marketing & Market Development
No Bio Available
Ms. Francesca Cortella
Head of Corporate Human Resources
No Bio Available
Ms. Sophie Favini
Head of Global Business Operations
No Bio Available
Mr. Bertrand Havrileck
Head of Corporate R&D
No Bio Available
Mr. André Mathieu
Head of Global Industrial Operations, Supply Chain and Sourcing
No Bio Available
Manuela Rodríguez
Director of Financial Projects
No Bio Available

Contacts

Address
PACA
Carros
13eme rue LID, Bp 27, Carros Cedex
Contacts
+33492087100.0
corporate.virbac.com