Animalcare Group Boasts Strong Mid-Year Financials

Animalcare (GB:ANCR) has released an update.

Animalcare Group PLC reports a robust first half of 2024, with a 5% increase in revenues driven by strong sales in Production Animals and Equine, alongside strategic divestments that have significantly strengthened their balance sheet. The company has seen a successful transformation through the sale of Identicare and a minority stake in STEM, resulting in a solid net cash position and improved cash conversion, setting a confident tone for the rest of the year’s financial performance.

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