Vilmorin & Cie: significant reduction in half-year losses
Sales were driven by field seeds (+38.3%), but slowed by garden and holding products (-11.7%) and vegetable seeds (-0.7%).
At the same time, EBITDA rose by 18.4%, from 129.8 to 153.7 ME, and operating income more than tripled, from 5.7 to 19.2 ME (+237%).
Finally, net income (Group share) showed a loss of 12.4 ME, well down on the same period twelve months earlier (-40.4 ME).
For fiscal year 22/23, Vilmorin & Cie anticipates growth in consolidated sales of between 8% and 10% on a like-for-like basis (initial target: growth of between 6% and 8% on a like-for-like basis), and an operating margin on ordinary activities of at least 8% (target unchanged).
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