VILMORIN & CIE Reports Consolidated Sales Results for the First Quarter Ended September 30, 2018; Provides Earnings Guidance for the Full Year for 2018-2019
The company provided earnings guidance for the full year for 2018-2019. For the period, the company can confirm its objectives in terms of sales and current operating margin for fiscal year 2018-2019. These objectives correspond to an increase in sales of 2% to 3% on a like-for-like basis, and a current operating margin rate with a slight increase, estimated to be between 0.5% and 1% points compared with 2017-2018, including research Investment, which should be higher than EUR 250 million.