Vilmorin & Cie Announces Consolidated Sales Results for the First Quarter Ended September 30, 2014; Provides Earnings Guidance for the Fiscal Year 2015
In this context, and on the basis of trends confirmed at the end of this first quarter, the company confirms its objectives for an increase in sales and operating margin for fiscal year 2014-2015. These objectives are based on an increase of more than 4% in consolidated sales, on a like-for-like basis and after taking the impact of the application of the standard IFRS 11 into account, and on a current operating margin of 10%, taking into account a research investment estimated to be more than EUR 215 million in gross value.