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Virbac (VIRP) investor relations material
Virbac Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved first-half 2026 revenue of €768m, up 7.4% at constant exchange rates and scope (CERS) compared to H1 2025, with 4.0% growth at actual rates due to currency headwinds.
Growth was balanced across companion animal (+10.0%) and farm animal (+6.7%) segments, driven by Supercharge platforms and the Thyronorm acquisition.
Double-digit growth in North America and solid performances in Europe (+6.5% at CERS) and International regions (+7.5% at CERS).
Financial highlights
Q2 2026 revenue reached €384m, up 7.2% at CERS year-over-year; H1 revenue totaled €768m, up 7.4% at CERS.
Volume/mix effect contributed ~+5.4% and price increases ~+2% to overall growth.
Thyronorm acquisition added 1.4 percentage points to H1 growth.
Outlook and guidance
2026 guidance confirmed at the upper end: targeting 5.5% to 7.5% revenue growth at CERS and adjusted recurring operating income margin of ~17%.
Cash generation expected at approximately €80m, with Capex spending around €125m.
No material impact anticipated from inflation or geopolitical risks; supply chain disruptions remain limited.
- 13.6% revenue growth, record profit, and strong margin expansion in 2024.VIRP
H2 20249 Jul 2026 - 7.9% organic revenue growth, 16.3% EBIT margin, and strong cash flow drive 2026 outlook.VIRP
H2 20258 Jul 2026 - Revenue up 5.0% to €738.3M; margin down; 2025 outlook and guidance reaffirmed.VIRP
H1 20258 Jul 2026 - Q1 2026 revenue rose 7.7% at CERS, driven by double-digit North America and Supercharge growth.VIRP
Q1 2026 TU16 Apr 2026 - Revenue up 15.1% and net income up 26.2% in H1 2024, driven by organic growth and acquisitions.VIRP
H1 202417 Mar 2026 - 2025 revenue rose 7.9% at constant rates, with 2026 growth and margin outlook boosted by acquisitions.VIRP
Q4 2025 TU19 Jan 2026 - Q3 revenue up 12.5% at constant rates; full-year growth guidance raised to 5.5%-7.5%.VIRP
Q3 2025 TU16 Oct 2025 - H1 2025 revenue rose 5.6% at constant exchange rates and scope, led by companion animal growth.VIRP
H1 2025 TU17 Jul 2025 - Q1 2025 revenue up 8.5% to €375.2M; 2025 growth outlook 4–6% at constant exchange rates.VIRP
Q1 2025 TU6 Jun 2025
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