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The Vetoquinol Group posted 2019 sales of €396.0 million, up 7.6% as reported and up 6.1% at constant exchange rates.

Sales of Essentials products, the driving force behind Vetoquinol’s strategy, totaled €190.6 million, up 5.1% at constant exchange rates. Essentials products accounted for 48.1% of Group sales in 2019. 

Sales of companion animal products (€226.3 million) accounted for 57.1% of total Vetoquinol sales, up 8.4% at constant exchange rates and up 10.4% as reported. Sales of livestock products came to €169.7 million, up 3.2% at constant exchange rates; sales generated by recently acquired Clarion (Brazil) offset the decline in sales of reproduction range. 

All Vetoquinol strategic territories posted growth in 2019, with the Americas up 11.3%, Europe up 3.8% and Asia Pacific up 2.0% at constant exchange rates. Growth in the Americas was boosted by Clarion sales in Brazil from April 2019. 

Fourth quarter sales amounted to €112.0 million, up 12.2% as reported and up 10.6% at constant exchange rates. Recent acquisitions boosted fourth quarter sales by 4.0% and exchange rate fluctuations also had a 1.6% positive impact. 

 

All strategic territories posted strong fourth quarter growth at constant exchange rates, with Europe up 3.0%, the Americas up 21.6% and Asia Pacific up 7.1%. Fourth quarter sales of Essentials products rose 7.2% at constant exchange rates. 

As of December 31, 2019, the financial structure of Vetoquinol remains solid. The year-end results will take into account the impact of the industrial steps initiated during the second semester. The audit of the Group financial statements was in progress at time of release. 

Vetoquinol CEO Matthieu Frechin said: “We achieved a solid second semester and our annual performance is the result of our focused strategy and the acquisition in Brazil. This is reflected in the continued growth in Essentials sales across all strategic territories. The integration of Clarion in Brazil is progressing according to plan, while we continue to work on reorganizing our production facilities in Europe. We therefore look forward to 2020 with confidence in our plans to invest and secure sustainable long-term growth for our Group.”

Press release