Brief: Vilmorin & Cie H1 EBITDA Up At EUR 129.8 Mln

Vilmorin & Cie SA

01/03/2022 17:45

(Repeats to remove extra advisory)
    March 1 (Reuters) - Vilmorin & Cie SA  VILM.PA :
    * H1 NET LOSS EUR 39.6 MILLION VERSUS LOSS EUR 31.9 MILLION
YEAR
AGO 
    * H1 EBITDA EUR 129.8 MILLION VERSUS EUR 111.7 MILLION YEAR
AGO
    * PARTIAL REVISION OF THE ANNUAL OBJECTIVES
    * FOR VEGETABLE SEEDS DIVISION, COMPANY IS TARGETING AN
INCREASE
IN SALES OF CLOSE TO 3%* (COMPARED TO AT LEAST 3%* PREVIOUSLY),
COMPARED TO 2020-2021
    * NET INCOME FOR H1 IS A LOSS OF 39.6 MILLION EUROS, A
DETERIORATION OF 7.7 MILLION  EUROS COMPARED TO THE SEMESTER OF
FISCAL YEAR 2020-2021
    * TARGET CURRENT OPERATING MARGIN RATE HAS BEEN ADJUSTED: IT
IS
NOW AT LEAST 7.5% (COMPARED WITH AT LEAST 8.5% PREVIOUSLY), IN
ORDER TO TAKE INTO ACCOUNT UNCERTAINTIES LINKED TO
RUSSIAN-UKRAINIAN CRISIS
    * REVISING CONTRIBUTION OF ASSOCIATED COMPANIES - MAINLY
AGRELIANT
(NORTH AMERICA. FIELD SEEDS), SEED CO (AFRICA. FIELD SEEDS) AND
AGT (AUSTRALIA. FIELD SEEDS) - TO A LEVEL CLOSE TO THAT OF LAST
YEAR (COMPARED WITH ALMOST 30 MILLION EUROS PREVIOUSLY)
    * FOR SECOND HALF OF FISCAL YEAR 2021-2022, ACHIEVEMENT OF
THESE
OBJECTIVES WILL REMAIN PARTLY DEPENDENT ON DEVELOPMENTS IN
EASTERN EUROPE AND THEIR IMPACT ON SEED SUPPLY CHAINS AND
CURRENCIES
    * END- H1 FINANCIAL  INDEBTEDNESS CAME TO 1,126.2 MILLION
EUROS –
DOWN BY 70.5 MILLION EUROS COMPARED WITH DECEMBER 31, 2020
    * H1 CONSOLIDATED SALES EUR 567.2 MILLION, UP  6.6% ON A
LIKE-FOR-LIKE BASIS

Source text: https://bit.ly/3tiLk2J
Further company coverage:  VILM.PA 

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