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Vet pharmaceuticals firm’s strong first half
International veterinary products company Dechra is trumpeting a strong first-half performance in the six months to December 31.
Revenue including its October 2015 Croatian acquisition Genera was up 14% to £110.7m at constant exchange rate (CER) (2015: 100.9m) while EBITDA was also up 24.6% to £28.7m (2015: £24.8m) at CER.
The growth for the Northwich, Cheshire-based company was helped by growth in EU Pharmaceuticals, including Genera, was encouraging at 8.1% (CER), but it continues to be adversely impacted by exchange rate headwinds with 0.9% growth at actual exchange rate (AER).
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