Vilmorin & Cie announced consolidated sales results for the fourth quarter and year ended June 30, 2016. For the quarter, the company reported, sales of EUR 335.2 million against EUR 314.5 million a year ago.

For the year, the company reported, sales of EUR 1,325.1 million against EUR 1,269.4 million a year ago.

On the basis of estimates made to date, the company should post a slight growth in the current operating margin rate for fiscal year 2015-2016. Nevertheless, the recorded operating margin will take into account non-recurring charges of about EUR 10 million: exceptional additional procurement costs in Western Europe for Field seeds, reorganization charges in the Garden products activity, and restatement of the allocation of the acquisition goodwill for the company Genica Research Corporation. Consequently, company`s net income for the year will be lower than the previous fiscal year.