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Virbac (VIRP) investor relations material
Virbac Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
YTD September revenue reached €1,168m, up 7.9% at constant exchange rates and scope (CERS); Q3 revenue was €400m, up 8.8% CERS.
Growth was balanced across Companion Animal and Farm Animal, supported by Supercharge platforms and positive performance across all three regions.
Financial highlights
YTD September revenue increased 5.9% at actual rates, versus 7.9% CERS, reflecting currency headwinds.
Q3 revenue rose 9.8% at actual rates and 8.8% CERS; Q1 and Q2 CERS growth was 7.7% and 7.2%, respectively.
YTD growth included a 1.3 percentage-point contribution from the Thyronorm acquisition; Supercharge platforms excluding Thyronorm grew around 11% CERS.
YTD volume/mix contributed ~6% and price increases ~2%.
Outlook and guidance
FY2026 revenue growth guidance remains 5.5%–7.5% at constant rates and scope; strong nine-month performance supports targeting the upper end.
Adjusted recurring operating income margin is expected around 17% CERS; Thyronorm is expected to contribute ~0.5 percentage points to adjusted EBIT for the full year.
Thyronorm is included in the 2026 organic perimeter due to its low materiality; its full-year revenue contribution is expected to be ~1 percentage point of growth.
- Nine-month revenue up 12.6% to €1,042.1M, led by companion animal growth and acquisitions.VIRP
Q3 2024 TU - 7.4% revenue growth and 18.8% EBIT margin in H1 2026, guidance at upper end.VIRP
H1 2026 - H1 2026 revenue rose 7.4% at CERS, with strong growth across all segments and regions.VIRP
Q2 2026 TU - Q1 2026 revenue rose 7.7% at CERS, driven by double-digit North America and Supercharge growth.VIRP
Q1 2026 TU - 7.9% organic revenue growth, 16.3% EBIT margin, and strong cash flow drive 2026 outlook.VIRP
H2 2025 - 2025 revenue rose 7.9% at constant rates, with 2026 growth and margin outlook boosted by acquisitions.VIRP
Q4 2025 TU - Revenue up 5.0% to €738.3M; margin down; 2025 outlook and guidance reaffirmed.VIRP
H1 2025 - H1 2024 revenue up 15.1% and net income up 26.9%, driven by organic growth and acquisitions.VIRP
H1 2024 - 13.6% revenue growth, record profit, and strong margin expansion in 2024.VIRP
H2 2024
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Frequently asked questions
French Animal Health
Virbac is a French veterinary pharmaceutical company with multinational operations. The company focuses on developing, producing, and marketing a wide range of drugs and vaccines to improve the health and well-being of pets and livestock. Their product portfolio covers various areas, including parasitology, dermatology, dental care, antibiotics, and nutrition for animals. It is headquartered in Carros, France, and its shares are traded on the XPAR.
From a Small Clinic to a Global Giant
What would go on to become a global company and one of the largest companies in worldwide animal health was started as a veterinary office in a mall in Nice, France. Its founders, veterinarians Pierre-Richard Dick and Max Rombi sold the office after a few years and started to focus solely on medications and drugs for pets. This is something that helped Virbac establish itself, as most other similar companies at the time focused on livestock. During the 1970s, the company expanded by opening subsidiaries in several countries, and Virbac of today is a truly global company. Today, the company produces products and medications for both companion animals and livestock, and a large majority of its revenue is generated outside of France. Some other large companies operating in the sector include Zoetis and Elanco.
Pet Health
Their portfolio includes a variety of pharmaceuticals, vaccines, and nutritional supplements designed for both dogs and cats. Key product categories encompass flea and tick control, dental care, dermatology, and kidney health, along with a broad spectrum of vaccines to prevent common infectious diseases. Additionally, Virbac provides nutritional supplements that support overall pet wellness, aimed at reducing issues like joint health and digestion.
Products for Livestock
Virbac's product range in the livestock sector encompasses a comprehensive array of health solutions, targeting cattle, sheep, pigs, and poultry. Their portfolio includes vaccines and parasiticides, essential in controlling internal and external parasites that can affect animal health and productivity. Virbac also produces products for reproductive health and nutrition.
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