Animalcare begins mammoth integration

Animalcare begins mammoth integration

Trading in the 12 months to June 2017 was characteristically strong at Animalcare (ANCR). Overseas expansion and the launch of eight new products in the UK led to a 17 per cent rise in licensed veterinary medicines revenues to £11m, which helped the veterinary group report £4m of adjusted cash profits – a 13 per cent year-on-year increase. But these numbers bear little resemblance to the new Animalcare. After the period end, the group merged with Belgian veterinary group Ecuphar, which generated revenue and adjusted cash profits of £37m and £4.5m respectively in the first six months of 2017.

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