Brief: Vilmorin & Cie Sees Drop in FY Net Income YoY

Vilmorin & Cie SA

01/08/2022 16:57

Aug 1 (Reuters) - Vilmorin & Cie SA  VILM.PA :
    * VILMORIN & CIE'S SALES FOR Q4, CORRESPONDING TO REVENUE
FROM
ORDINARY ACTIVITIES, CAME TO 428.8 MILLION EUROS
    * THE ADMINISTRATIVE SITES IN KIEV  AND THE RESEARCH STATION
IN
ROHY ARE OPERATIONAL
    * IN UKRAINE, VILMORIN & CIE IS STILL IN PERMANENT CONTACT
WITH
THE 110 EMPLOYEES OF ITS SUBSIDIARIES LIMAGRAIN  EUROPE (FIELD
SEEDS) AND HAZERA (VEGETABLE SEEDS)
    * OVERALL, SALES FOR THE UKRAINE-RUSSIA ZONE WERE DOWN BY
ABOUT 4%
WITH CURRENT DATA COMPARED TO FISCAL YEAR  2020-2021
    * ANTHONY CARVALHO, APPOINTED VILMORIN & CIE'S CHIEF
FINANCIAL
OFFICERAS AS OF SEPTEMBER 14, 2022
    * VILMORIN & CIE ANNOUNCES THE SIGNING OF A NEW RESEARCH
PARTNERSHIP IN CANADA  CONCERNING PULSES
    * EXPECTS CURRENT OPERATING MARGIN RATE TO BE HIGHER THAN
LAST
OBJECTIVE ANNOUNCED (A CURRENT OPERATING MARGIN RATE OF AT LEAST
7.5%), AT A LEVEL CLOSE TO THAT SET AT START OF FISCAL YEAR (AT
LEAST 8.5%)
    * CONTRIBUTION OF ASSOCIATED COMPANIES WILL NOT EXCEED 20
MILLION
EUROS
    * ANNOUNCED THE SIGNING OF A  NEW PARTNERSHIP WITH
SASKATCHEWAN
PULSE GROWERS1 , IN JULY 2022, TO SET UP A JOINT RESEARCH AND
INNOVATION  PROGRAM FOR PULSES
    * OUTLOOK: COMPANY'S NET INCOME SHOULD BE LOWER THAN
PREVIOUS
FISCAL YEAR, BUT NEVERTHELESS HIGHER THAN AVERAGE FOR PAST THREE
YEARS
    * CONSOLIDATED SALES FOR YEAR CAME TO 1,587.2 MILLION EUROS,
UP
7.5% WITH CURRENT DATA AND 6.2% ON A LIKE-FOR-LIKE BASIS
COMPARED TO 2020-2021

Source text for Eikon:  ID:nGNE2ZQsCb 
Further company coverage:  VILM.PA 

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