Brief: Vilmorin & Cie H1 EBITDA Up At 111.7 Million Euros

Vilmorin & Cie SA

03/03/2021 17:07

March 3 (Reuters) - Vilmorin & Cie SA  VILM.PA :
    * SALES AND RESULTS FOR THE 1ST SEMESTER 2020-2021
    * UPWARD REVISION OF ANNUAL OBJECTIVES FOR 2020-2021
    * STRONG GROWTH IN HALF-YEARLY SALES ON DECEMBER 31, 2020:
+14% ON
A LIKE-FOR-LIKE BASIS
    * H1 SALES EUR 525.7 MILLION VERSUS EUR 490.8 MILLION YEAR
AGO
    * H1 EBITDA EUR 111.7 MILLION VERSUS EUR 70.9 MILLION YEAR
AGO
    * H1 NET LOSS GROUP SHARE EUR 31.9 MILLION VERSUS LOSS OF
EUR 61.9
MILLION YEAR AGO
    * FOR FY 2020/21 SEES INCREASE IN CONSOLIDATED SALES OF
BETWEEN 4%
AND 6% ON A LIKE-FOR-LIKE BASIS
    * FOR FY 2020/21 SEES CURRENT OPERATING MARGIN RATE OF AT
LEAST
8%, INCLUDING RESEARCH INVESTMENT WHICH SHOULD BE HIGHER THAN
260 MILLION EUROS
    * FOR FY 2020/21 VILMORIN & CIE IS AIMING FOR A CONTRIBUTION
FROM
ASSOCIATED COMPANIES - MAINLY AGRELIANT (NORTH AMERICA. FIELD
SEEDS), SEED CO (AFRICA. FIELD SEEDS) AND AGT (AUSTRALIA. FIELD
SEEDS) OF AROUND 22 MILLION EUROS

Source text for Eikon:  ID:nGNE9DySGG 
Further company coverage:  VILM.PA 

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