(Boursier.com) — Voltz Seeds publishes its turnover for the first half of its 2021/2022 financial year and announces the signing of a liquidity contract.
Graines Voltz’s turnover for the first half of its 2021/2022 financial year amounted to €76.2 million, up 13.4% compared to the first half of the previous financial year.
Sustained growth in the main markets
The group’s turnover, excluding non-strategic subsidiaries around the Mediterranean (Morocco, Algeria and Turkey) amounted to 73.3 ME, up 16.8% compared to the previous year. Turnover increased by 14% in the French market and by 20.2% in other European countries.
Strong growth in sales of young plants
In terms of products, it is the young plants that are experiencing the strongest growth, +31.5%, while seeds are up very slightly compared to the previous year. The group takes advantage of its mixed seed/seedling development strategy, which enables it to adapt flexibly and optimally to market demand.
Insignificant impact of the Ukrainian conflict on activity and results
Over the first half of the year, Graines Voltz did not record any direct impact of the conflict in Ukraine on its activity. In the two countries at war, he only achieved a symbolic turnover and there were no major suppliers.
Indirect impacts are limited. The group is not very sensitive to changes in the price of energy, which represents less than 10% of its production costs. Moreover, the small proportion represented by its products in the cost price of its customers enables it to pass on any price increases to them.
Finally, the seed stock policy over two or three years and the diversity of seed suppliers around the world are currently effectively protecting the group from supply disruptions.
Confirmation of outlook for the year
Given the level of activity observed at the start of the 3rd quarter and that of the order book, the group confirms its objective of achieving an increase in its turnover for the financial year of more than 10%.
Commenting on this news, Serge Voltz, Chairman and CEO declared “We achieved a good first half, in line with our objectives, despite a difficult economic and geopolitical climate which is modifying the structure of demand. Thanks to the varietal diversity of our offer, which is unique in Europe, and the management of our activity as close as possible to markets and customers, by favoring short circuits, we are able to adapt to this evolution and continue to capture growth”.
Next event: June 29, 2022 after market close with the results for the first half of the 2021/2022 financial year.