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Animalcare Group (AIM:ANCR)  - not a lot of positives in the trading update but debt free

24/05/2012 · Animalcare Group (ANCR) 

The supplier of pharmaceutical and other premium products and services to the veterinary industry, issued dreadful trading update although there are some positives

Reduced consumer confidence in general along with changes in distribution and service agreements is significantly impacting the Group’s companion animal identification business. Year-to-date sales performance in this area of the Group’s business is approximately 32% below that of the comparable period and has not shown the anticipated recovery. Sales in this area will remain subdued for the rest of the current financial year. 

The core veterinary medicines business has continued to perform in line…

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