Report
Jean-François Granjon

Vilmorin & Cie : A message which confirms the group’s sales resilience – Favourable margins – Stock in our H2 2020 mid cap Convictions list

>Full-year sales publication in line with our forecasts - Vilmorin & Cie reports full-year revenues in line with our forecasts (€ 1,431.8m) and the consensus (€ 1,441m). Sales totalled € 1,4352.8m (vs € 1,380.7m y-o-y), up +3.2% and +2.7% like-for-like. This publication confirms the resilience of the group's sales with finally a decline limited to 1.4% of Q4 sales and annual performance in line with the guidance which had been suspended (+ 2/3% like-for-like).§h...
Underlying
Vilmorin & Cie SA

Vilmorin & Cie SA is engaged in the production, marketing and sale of vegetable and crop seeds for agricultural production and market gardeners. The Vegetable seeds division is involved in the production and sale of vegetable seeds under the brand names, such as Hazera-Nickerson, Vilmorin SA, HM.Clause and Mikado Kyowa Seed, among others, intended for the professional food market, including market gardeners, processors, and specialists in canning, specialists in deep-freezing and freeze-drying. The Field Seeds division is focused on field seeds, including corn, straw cereals, grape and sunflower seeds for European and American clients. The Garden Products division is structured around two companies, Vilmorin Jardin and Suttons. In March 15, 2013, it acquired the Bisco Bio Sciences of India. In October 2013, it announced that it has recently taken over Shamrock. In November 2013, it acquired Eureka Seeds Inc. In March 2014, it acquired Seed Asia based in Bangkok.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jean-François Granjon

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