27th Mar 2019 11:14
LONDON (Alliance News) - Premier Veterinary Group PLC on Wednesday said strong growth across all geographic regions resulted in a 30% jump in revenue generating pets on plan.
In its annual general meeting statement, the company said number of fee generating pets on plan at the end of March increased in the last 12 months to 275,000 from 212,000 recorded a year ago.
Geographically, number of pets on plan in the US more than doubled to 14,000 from 6,000 the year prior as the company launched its services in hospitals owned by PetVet Care Centers LLC.
Premier said the US market is a significant growth opportunity and the business is focussed on delivering success in the market.
In the company's core UK market, the number of pets on plan grew 25% to 214,000. The company continues to see opportunities for further growth from its existing customer base and new customer opportunities.
In Europe, the number of pets on plan increased 34% to 47,000. Premier said its most significant territory in Europe is the Netherlands, which remains on course to become profitable in the financial year to the end of September.
In France, the company said it extended the agreement with MSD Animal Health, a part of Merck & Co Inc, which involves MSD's representatives identifying and supporting practices who are interested in launching Premier's plans.
Premier shares were untraded on Wednesday, last closing at 40.03 pence each.
Related Shares:
PVG.L