Virbac

Significant increase in operating profit from ordinary activities for the first half of 2021 due to the sound market performance and dynamism of our business - Seite 2

699.7

548.0

+27.7%  

Net debt ⁴

-54.5

348.2

-115.6%  

Operating cash flow before interest and taxes ⁵

123.7

104.2

+18.7%  

¹ Change at constant exchange rates and scope corresponds to organic growth of sales, excluding exchange rate variations, calculated by using the indicator for the financial year in question and the indicator for the previous financial year on the basis of identical exchange rates (the exchange rate used is the previous financial year’s), and excluding the change in scope, calculated by using the indicator for the financial year in question on the basis of the scope of consolidation for the previous year, and excluding sales of Sentinel, a product that was sold on July 1, 2020, over the two financial years in question.
² Current operating profit, before depreciation of assets arising from acquisitions, reflects current profit adjusted for the impact of allowances for depreciation of intangible assets resulting from acquisition transactions.
³ Net profit from ordinary activities corresponds to consolidated net profit adjusted for non-recurring expenses and income (€0 million), and for non-current tax (€0 million).
⁴ Net debt corresponds to current (€75.1 million) and non-current (€16.2 million) financial liabilities as well as a lease obligation related to the application of IFRS 16 (€38.5 million), less the cash position and cash equivalents (€184.3 million) as published in the statement of financial position.
⁵ Operating cash flow corresponds to operating profit (€103.1 million) adjusted for items having no impact on the cash position and impacts related to disposals. The following items are adjusted: fixed asset depreciation and impairments (€22.3 million), provisions for risks and charges (€-1.4 million), provisions related to employee benefits (- €0.5 million), and the other expenses and income without any impact on the cash position (€0.4 million), and the impacts related to disposals (- €0.2 million).