Vilmorin & Cie announced consolidated sales results for the first quarter ended September 30, 2014. For the period, the company reported, sales of EUR 201.5 million against EUR 198.2 million a year ago. Revenue from ordinary activities, stood at EUR 201.5 million, an increase of 1.7% with current data, and 0.9% on a like-for-like basis, after restatement for currency translation and scope, and taking account of the standard IFRS 11, applied for the first time as of this fiscal year.

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.