Vilmorin & cie: Sharp drop in half-year losses

( – Vilmorin & Cie publishes sales of 706.5 ME for the 1st half 22/23, up 19.6% compared to the same period a year earlier, on a like-for-like basis .

Business was driven by field seeds (+38.3%) but slowed down by garden products and holding companies (-11.7%) and vegetable seeds (-0.7%).

At the same time, EBITDA increased by 18.4%, from 129.8 to 153.7 ME, and operating profit more than tripled, from 5.7 to 19.2 ME (+237 %).

Finally, net income group share shows a loss of 12.4 ME, significantly reduced compared to 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% like-for-like (initial objective: growth of between 6% and 8% like-for-like), and a current operating margin rate of at least 8% (target unchanged).

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