Another strong update from Dechra, leaving the group on track to hit our full year expectations. Growth in North America in particular continues to impress as the group benefits from the increased critical mass from the Putney acquisition, new product registrations and cross-selling opportunities. The more mature European segment remains solid. No change to estimates at this stage, although US tax reform is likely to benefit the bottom line and should lead to useful EPS upgrades at the interims ....
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Strong, in line H1 update
- Published:
09 Jan 2018 -
Author:
Chris Glasper -
Pages:
3
Another strong update from Dechra, leaving the group on track to hit our full year expectations. Growth in North America in particular continues to impress as the group benefits from the increased critical mass from the Putney acquisition, new product registrations and cross-selling opportunities. The more mature European segment remains solid. No change to estimates at this stage, although US tax reform is likely to benefit the bottom line and should lead to useful EPS upgrades at the interims ....