Virbac — Earnings Release 2009

Apr 15, 2009

First quarter sales grow by 5.6%

Consolidated net sales in million Euros	2009	2008	Evolution
First quarter net sales	109.0	103.2	+5.6%
at constant exchange rates	110.7	103.2	+7.3%
pro-forma at constant exchange rates	106.4	103.0	+3.3%

The increase of sales in the first quarter excluding exchange rates impact, amounts to + 7.3%, in line with the perspectives recently announced by the Group (5 to 8% for the full year).

The organic growth in companion animals (+ 2.8%) benefited both from an important development in the emerging countries and a good trend of sales in the veterinary channel in Europe (+ 2.7%) and in the USA (+ 5.3%); while on the other hand sales of parasiticides and hygiene products in certain specialized channels in France have been decreasing.

Business in the food producing animals segment enjoyed a strong growth, resulting from the combination of a high organic growth (+ 7.3%), in particular in emerging markets, and the very positive contribution of the acquisitions realized during 2008.