Veterinary sales group revenues down as demand growth returns to pre-pandemic levels
International veterinary sales and marketing group Animalcare saw a 4.1% drop in first-half revenues to £36.7m, saying demand growth had returned to pre-pandemic levels and distributors had destocked since the end of last year.
A 1.5% increase in gross margins and strong performance of products such as its Plaqtiv+ dental water additive, partially offset lower revenues, and half-year profit before tax was £2.4m, down from £3.4m in the same period last year.
The York-based firm said it expected a return to revenue growth for... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
