1Q24

1Q24

• 1Q24 Earnings Release:

  • Net revenue grew 6.7% in 1Q24 to R$ 178.4 million
  • Growth in Production Animals, representing 12.7% compared to 1Q23.
  • Growth for the second quarter in a row in Companion Animals, representing 16.3% compared to the previous year.
  • Strong growth in profitability indicators: Gross margin +3.1 p.p., EBITDA margin +11.8 p.p. and Net margin +7.8 p.p.
  • Leverage Decline from 0.9x to 0.5x EBITDA, with 76.7% of debt in the long term, and an average annual cost of debt of 7.7% p.a.