Vilmorin: expects FY 2017/2018 earnings to fall

(CercleFinance.com) - Alongside the publication of its annual turnover, on Monday evening, the seed specialist Vilmorin Group confirmed that it expects a significant fall in its underlying operating margin over 2017/2018, compared with 9.
2% in 2016/2017, with its net income expected to decline relative to 2016/2017.

Q4 2017/2018 revenues came in at 357.7 million euros, up 4.1% and up 10.9% in comparable data relative to Q4 2016/2017.

Vilmorin said that this more difficult fiscal year is directly due to more varied markets over the period, due to several economic and sector difficulties. In addition, there are high inventories at retailers - particularly in North America, along with logistics problems relating to phyto-sanitary regulations. Finally, there is a punctual fall in certain market segments.



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