Brief: Vilmorin & Cie FY EBITDA Up At 392.1 Million Euros

Vilmorin & Cie SA

12/10/2022 17:00

Oct 12 (Reuters) - Vilmorin & Cie SA  VILM.PA :
    * OBJECTIVES FOR 2022-2023: BUSINESS GROWTH OF BETWEEN 6%
AND 8%*
AND A CURRENT OPERATING MARGIN RATE OF AT LEAST 8%
    * PROPOSAL OF A DIVIDEND OF 1.60 EUROS PER SHARE AT THE
UPCOMING
ANNUAL GENERAL MEETING OF SHAREHOLDERS, IN AUVERGNE
    * A NEW RESEARCH PARTNERSHIP CONCERNING PULSES IN CANADA
    * FY EBITDA EUR 392.1 MILLION VERSUS EUR 367.2 MILLION YEAR
AGO
    * FY NET INCOME GROUP SHARE EUR 92.2 MILLION VERSUS EUR 92.3
MILLION YEAR AGO
    * CURRENT OPERATING  MARGIN RATE OF 8.6%, SLIGHTLY LOWER BY
0.3
PERCENTAGE POINTS COMPARED WITH FISCAL YEAR 2020-2021
    * MARKET CONDITIONS FOR FISCAL YEAR 2022-2023 ARE LIKELY TO
REMAIN
UNCERTAIN AND FLUCTUATING, DUE TO INFLATIONARY  PRESSURES
RESULTING, IN PARTICULAR, FROM THE GEOPOLITICAL CONTEXT
    * NET OF CASH AND CASH EQUIVALENTS (321.3 MILLION EUROS),
TOTAL
FINANCIAL INDEBTEDNESS CAME TO 901.1 MILLION EUROS ON JUNE 30,
2022 COMPARED WITH 867.4 MILLION EUROS ON JUNE 30, 2021.
    * IN UKRAINE, THE OUTLOOK FOR THE COMING FISCAL YEAR REMAINS
MODERATE, DUE TO THE DIFFICULTY OF LOCAL FARMERS AND 
DISTRIBUTORS TO OBTAIN FUNDING AND, MORE GENERALLY, THE LACK OF
VISIBILITY IN THE REGION DUE TO THE CONTINUING  CONFLICT WITH
RUSSIA
    * RUSSIA: PROSPECTS TO DATE ARE FAVORABLE,  BUT THEIR
REALIZATION
REMAINS SUBJECT TO GROWING LOGISTICAL AND GEOPOLITICAL PROBLEMS,
TO WHICH THE COMPANY IS  STRIVING TO FIND SOLUTIONS

Source text for Eikon:  ID:nGNE5z2DcB 
Further company coverage:  VILM.PA 
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