Brief: Vilmorin & Cie 9-month sales rise to 1.07 billion euros

Vilmorin & Cie SA

25/04/2017 16:41

April 25 (Reuters) - Vilmorin & Cie SA  VILM.PA : 
    * 9-Month sales EUR 1.07 billion ($1.17 billion) versus EUR 989.8 million year ago 
    * For FY 2016-2017 is now aiming for an increase in sales, on a like-for-like basis, of 6 
pct for its vegetable seeds activity, and more than 5 pct for its field seeds activity 
    * Confirms its FY objective to reach an increase of consolidated sales of more than 5 pct on 
a like-for-like basis compared with fiscal year 2015-2016 
    * For 2016-2017 is raising its objective concerning its current operating margin rate and 
intends to set it at 9 pct, including a research investment of more than 240 million euros 
    * Aiming for a contribution from companies it consolidates under equity method at least 
equivalent to 2015-2016 
 
Source text for Eikon:  ID:nGNEc23tBr  
Further company coverage:  VILM.PA  
 
($1 = 0.9143 euros) 
 
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