Vetoquinol H1 2021 RESULTS

INCOME STATEMENT July 29, 2021 €m 06/30/2021 % sales 06/30/2020 % sales Change Sales 255.3 196.1 +30.2% Gross margin on purchases 183.8 72.0 141.6 72.2 +29.7% External expenses (42.7) (16.7) (37.1) (18.9) +15.2% Personnel expenses (72.3) (28.3) (65.4) (33.4) +10.4% Taxes and duties (3.4) (1.3) (3.4) (1.7) +0.8% Other income and expenses 2.1 0.8 1.6 0.8 +35.6% Depreciation, amortization and provisions (10.7) (4.2) (9.3) (4.7) +14.9% EBIT before depreciation of acquired assets 56.9 22.3 28.0 14.3 +102.9% Amortization of intangible assets arising from acquisitions (6.5) (2.5) (3.7) (1.9) +76.1% EBIT 50.4 19.7 24.4 12.4 +106.9% H1 2021 RESULTS 12