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Vilmorin & Cie SA raises FY 2013/2014 sales guidance; acquires stake in Seed Co


Tuesday, 18 Feb 2014 11:40am EST 

Vilmorin & Cie SA:Raises growth objective for consolidated sales, now fixing it at more than 6 percent like for like, compared with more than 5 percent previously.Reaffirms objective of achieving a current operating margin of at least 10.5 percent.FY 2012/2013 revenue 1.472 billion euros.FY 2013/2014 revenue 1.557 billion euros - Thomson Reuters I/B/E/S Estimates.Says it has just implemented the agreement signed at the end of 2013 with the African company Seed Co and its reference shareholder, AICO Africa Limited (AICO).Says it acquired a block of Seed Co shares from AICO and also subscribed to a reserved stock capital increase.Says it now has 15 percent stake in Seed Co. 

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92.5
-0.3 -0.32%
11:35am EDT