Oddo BHF - Vilmorin Cie SA (RIN) Vilmorin Cie : Il y a encore de la prime sur cet émetteur non noté

Report

Oddo BHF

Delphine Chauvin

Vilmorin & Cie : Il y a encore de la prime sur cet émetteur non noté

Vilmorin & Cie a été retiré de la bourse il y a un an et demi, ce qui n’a pas changé son profil de crédit, puisque la société conserve un financement indépendant de sa maison-mère et n’a pas modifié sa politique de versement des dividendes. Concernant l’évolution de ses résultats, l’exercice 2023/24 a été une nouvelle année record (CA et EBITDA en hausse de +5%, atteignant respectivement 2,0 mds EUR et 484 m EUR), dépassant les attentes, et sa situation financière s’est stabilisée, avec un levier d’endettement confortablement positionné dans le bas de sa fourchette-cible de 2.0x à 2.5x. Cela laisse suffisamment de marge de manœuvre pour absorber un possible atterrissage des résultats, après deux années d’orientation très positives des prix sur le marché, et, éventuellement, pour envisager de nouveaux projets de développement.

20/01/2025 1 FR

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.

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FR0000052516 Euronext Paris France

Provider

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.

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Analysts

Delphine Chauvin

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Vilmorin & Cie : Il y a encore de la prime sur cet émetteur non noté

Vilmorin & Cie : There is still a premium on this non-rated issuer

Vilmorin & Cie: 1 director

Loxam : De retour sur le marché obligataire

Loxam : Return to the bond market

Yay, France has a budget....a socialist one

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