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ANIMAL HEALTH

Sustained growth led
by emerging countries

In 2011, Merial became a wholly-owned Sanofi  company. To capitalize on Merial’s contribution to the Group, Sanofi is rebalancing its portfolio via the development of livestock and poultry activities, which currently account for 37% of the affiliate’s sales, with a progression of 8.9% in 2011. The pet sector attained its objectives, with growth in sales of 1.8%.

The United States is Merial’s largest market, accounting for 39.5% of total sales, followed by France, Brazil and Italy. However, emerging markets had the strongest growth of 12.4% in 2011.

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