Graines Voltz: sharp decline in net income







Photo credit © ChaunuPictures


(Boursier.com) — The turnover of Voltz Seeds for 2021/2022 stands at 132.2 ME, up 8.1% compared to the previous financial year. On a like-for-like basis, activity is stable.

The current operating result amounts to 6.3 ME against 12.9 ME for the previous financial year.

Non-recurring charges and the in-kind donation of a stock of seeds for Ukraine have an impact on current operating profit of €3.2 million.

Net income, group share amounted to 5 ME vs. 9.3 ME.

To date, the group confirms growth in its activity, on a current basis, of between 5 and 10% for the current financial year.

The level of growth is strongly indexed to the return of producer confidence in the second half and their level of repurchase at the end of the season.


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