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BRIEF-Vilmorin & Cie 9-month sales rise to 1.07 billion euros
April 25, 2017 / 4:11 PM / 3 months ago

BRIEF-Vilmorin & Cie 9-month sales rise to 1.07 billion euros

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April 25 (Reuters) - Vilmorin & Cie SA:

* 9-Month sales EUR 1.07 billion ($1.17 billion) versus EUR 989.8 million year ago

* For FY 2016-2017 is now aiming for an increase in sales, on a like-for-like basis, of 6 pct for its vegetable seeds activity, and more than 5 pct for its field seeds activity

* Confirms its FY objective to reach an increase of consolidated sales of more than 5 pct on a like-for-like basis compared with fiscal year 2015-2016

* For 2016-2017 is raising its objective concerning its current operating margin rate and intends to set it at 9 pct, including a research investment of more than 240 million euros

* Aiming for a contribution from companies it consolidates under equity method at least equivalent to 2015-2016 Source text for Eikon: Further company coverage: ($1 = 0.9143 euros) (Gdynia Newsroom)

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