Brief: Vilmorin & Cie Q3 Sales Down 2.6% LFL

Vilmorin & Cie SA

23/04/2018 17:05

April 23 (Reuters) - Vilmorin & Cie SA  VILM.PA :
    * REG-VILMORIN & CIE : SALES ON MARCH 31, 2018
    * SALES AT END OF Q3 2017-2018 DOWN 2.6% ON A LIKE-FOR-LIKE
BASIS
    * OUTLOOK FOR 2017-2018: DOWNWARD ADJUSTMENT OF OBJECTIVES
FOR
YEAR
    * OBJECTIVES FOR 2017-2018 READJUSTED: SLIGHT GROWTH OF
SALES AND
LOWERING OF CURRENT OPERATING MARGIN RATE
    * FOR FY 2017-2018 NOW AIMING FOR SLIGHT INCREASE IN
CONSOLIDATED
SALES ON A LIKE-FOR-LIKE BASIS
    * FY CURRENT OPERATING MARGIN RATE WILL PROBABLY BE AT LEAST
1
PERCENTAGE POINT LOWER THAN IN 2016-2017
    * CONFIRMS IS AIMING FOR FY CONTRIBUTION FROM ASSOCIATED
COMPANIES
AT LEAST EQUIVALENT TO THAT OF 2016-17
    * THERE WILL BE A POSITIVE IMPACT OF TAXES ON NET INCOME FOR
YEAR

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE20GpJc
Further company coverage:  VILM.PA 

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