Brief: Vilmorin & Cie Q1 Sales Up At 231.9 Million Euros

Vilmorin & Cie SA

04/11/2019 16:52

Nov 4 (Reuters) - VILMORIN & CIE SA  VILM.PA :
    * Q1 SALES EUR 231.9 MILLION VERSUS EUR 207.5 MILLION YEAR
AGO
    * OUTLOOK FOR 2019-2020: CONFIRMATION OF OBJECTIVES FOR
BUSINESS
GROWTH OF 2% TO 3%((1)) AND A CURRENT OPERATING MARGIN RATE OF
AT LEAST 8%
    * VILMORIN & CIE CAN CONFIRM ITS OBJECTIVES IN TERMS OF
SALES AND
CURRENT OPERATING MARGIN FOR FISCAL YEAR 2019-2020
    * THESE OBJECTIVES CORRESPOND TO AN INCREASE IN CONSOLIDATED
SALES
OF 2% TO 3% ON A LIKE-FOR-LIKE BASIS, AND A CURRENT OPERATING
MARGIN RATE OF AT LEAST 8%
    * FISCAL YEAR 2019-2020 SHOULD CONTINUE TO BE MARKED BY
HETEROGENEOUS MARKET CONDITIONS IN VEGETABLE SEEDS AND
CHARACTERIZED BY STRONG COMPETITIVE PRESSURE ON FIELD SEEDS
    * AIMS FOR A CONTRIBUTION FROM ASSOCIATED COS - MAINLY
AGRELIANT
(NORTH AMERICA. FIELD SEEDS), SEED CO (AFRICA. FIELD SEEDS) AND
AGT (AUSTRALIA. FIELD SEEDS) OF AT LEAST 20 MILLION EUROS

Source text for Eikon:  ID:nGNE9X1TJk 
Further company coverage:  VILM.PA 

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