Dechra beats expectations as Eurovet pushes profits

The veterinary pharmaceuticals firm Dechra has revealed growing sales across all its major brands and profits ahead of market forecasts for the full year to the end of June.

The veterinary pharmaceuticals firm Dechra has revealed growing sales across all its major brands and profits ahead of market forecasts for the full year to the end of June.

Group revenue to the end of June increased by 9.5% compared to 2011, from £389.2m to £426m. That figure is also ahead of market expectations of £420.2m. Dechra says 7.9% of this growth was organic whilst 1.8% was contributed by the acquisition of Dutch rival Eurovet. Currency movements had a negative impact of 0.2%.

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