Animalcare Group Delivers Strong Financial Performance
2010-02-23

Animal pharmaceuticals supplier, Animalcare Group, has seen revenue and profits increase for the six months to 31 December, 2009.

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Animalcare Group is also a supplier of other premium products and services to the veterinary industry, and the manufacturer and supplier of premium quality livestock products to agricultural retailers.

The company’s interim results show a 15% increase in group revenue to £8.93m, compared with £7.76m in 2008. And earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 26% to 1.21m (2008 - £0.82m). Group adjusted operating profit rose by 62%, to reach £0.98m (2008 £0.6m).

Company chairman, James Lambert admitted that the market for key livestock products was “challenging”, but said he expected trade to improve during the second half of the year.

“I am pleased to report a strong growth in revenue, especially in our companion animal business, said Mr Lambert. “We are confident that our licensed veterinary medicines will continue to deliver revenue and profit growth, in line with expectations.”

Animalcare Limited markets and sells a range of licensed veterinary pharmaceuticals, animal identification microchips and other veterinary supplies to wholesalers for onward distribution to veterinary surgeons in the UK and the Republic of Ireland.
Animalcare Group plc comprises 4 separate enterprises:

Animalcare offers a wide range of animal health products from pharmaceuticals to pet toys. It has built an enviable reputation for providing innovative and good value products into the veterinary market.

Ritchey manufactures and supplies ear tags and animal identification products. The company is also a leading independent British manufacturer, distributor and supplier of animal husbandry products in the UK, Republic of Ireland, as well as key export markets worldwide. The Ritchey Range includes: ear tags; animal identification products; healthcare; calving, lambing and farrowing products; footcare: weighing machines; handling equipment; grooming products for sheep and cattle; equine, veterinary, pet and hygiene products.

Fearing International supplies of a range of agricultural products direct to farmers in the UK, operating from dedicated facilities in Central England. As well as having a comprehensive general catalogue for postal and web based sales, Fearing also produces and distributes several catalogues each year. These are targeted at specialist markets such as equine, dairy and sheep producers.

Travik manufacturers of a range of chemical products for the other members of the group, as well as supplying liquid products to the automotive and cleaning industries.

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