Following a scientific pre-launch in December 2024, our Japanese teams officially presented our antimicrobial-free solution at the annual congress of the Japanese Society of Veterinary Dermatology, held on March 8th and 9th in Tokyo. Recommended as a first-line treatment for canine acute erythemato-ceruminous otitis externa, even with microbial proliferation, our approach offers an effective and safe alternative.

●    Very strong revenues increase of 13.6% at constant exchange rates, driven by:
      ○  dynamic organic growth (+7.5%) 
      ○  strategic contribution of our acquisitions (+6.1%)

●    2024 operating income2 at an all-time high of 16.6% of revenues (16.0% excluding
      acquisitions)
      ○  up by 1.5 percentage points compared to 2023 

●    Positive trend for 2025
      ○  sales growth expected between 4% and 6% at constant exchange rates and scope
      ○  operating income relatively stable at around 16%, excluding the impact of acquisitions

Our new Veterinary HPM^® digestive support wet foods have been specially designed to meet the specific needs of dogs and cats suffering from digestive disorders. Gradually available in Europe since January, they help our companions regain a better quality of daily life and facilitate their nutritional recovery in case of convalescence.