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Animalcare to sell JV stake to Dechra insidermedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidermedia.com Daily Mail and Mail on Sunday newspapers.
· Revenues and earnings ahead of market expectations · Cash conversion rate significantly improved in second half · Net debt further reduced, down 23% year-on-year to approximately £13.6 million at year end
Revenues and earnings for the full year were ahead of market expectations. Despite significant disruption to the animal health market caused by COVID-19, 2020 revenues were £70.5 million (2019: £71.1 million), a decline of 0.7% year-on-year (2.0% decline at CER). Reflecting government counter measures and the adjustments made by the Group and veterinary customers over the course of the pandemic, revenues for the six months to the end of December were ahead of the prior year with sales up 3.0% to £36.0 million (2019: £35.0 million). ....