July 27, 2016 3:47 PM ET

Food Products

Company Overview of Vilmorin & Cie, SA

Company Overview

Vilmorin & Cie SA creates, produces, and sells vegetable and field seeds. It offers vegetable seeds, such as tomato, melon, carrot, sweet pepper, bean, cauliflower, squash, onion, lettuce, cucumber, etc.; and field seeds, including corn, wheat, barley, rape, sunflower, and soybean for farmers. The company also provides garden products comprising vegetable and flower seeds, bulbs, and plant care products to garden centers, DIY stores, and supermarkets, as well as to amateur gardens. It operates in Europe, the Americas, Asia and Oceania, Africa, and the Middle East. The company was founded in 1743 and is headquartered in Paris, France.

4 quai de la Mégisserie

Paris,  75001

France

Founded in 1743

6,269 Employees

Key Executives for Vilmorin & Cie, SA

Chief Executive Officer and Chairman of Executive Committee
Age: 62
Total Annual Compensation: €333.9K
Compensation as of Fiscal Year 2015.

Vilmorin & Cie, SA Key Developments

Vilmorin & Cie, SA Announces Consolidated Sales Results for the Third Quarter Ended March 31, 2016; Provides Earnings Guidance for the Year 2016

Vilmorin & Cie, SA announced consolidated sales results for the third quarter ended March 31, 2016. For the quarter, the corresponding the revenue from ordinary activities, stood at EUR 990 million, an increase of 3.7% compared with the same period for the previous fiscal year. Considering the results of the first nine months for the fiscal year, and on the basis of currently available information, the company is aiming, for fiscal year 2015-2016, for an increase in sales of at least 7% on a like-for-like basis and for its Vegetable seeds activity and a decrease limited to around 2% on a like-for-like basis for its Field seeds activity. The company is thus maintaining its objective of a moderate increase in its global sales compared with the previous year; this increase should reach at least 2% on a like-for-like basis. Therefore the current operating margin rate should be similar to that of fiscal year 2014-2015.

Vilmorin & Cie, SA Reports Consolidated Earnings Results for the Six Months Ended December 31, 2015

Vilmorin & Cie, SA reported consolidated earnings results for the six months ended December 31, 2015. For the period, the company reported sales of EUR 428.6 million compared to EUR 456.5 million a year ago. EBITDA was EUR 49.3 million compared to EUR 54.6 million a year ago. Operating loss was EUR 30.4 million compared to EUR 31.9 million a year ago. Net loss was EUR 56.6 million compared to EUR 62.6 million a year ago.

Vilmorin & Cie Approves Dividend, Payable on December 17, 2015

The annual general meeting of the Vilmorin & Cie held on December 11, 2015. At the meeting the shareholders fixed the net dividend per share at EUR 1.57. This corresponds to an increase of almost 5% compared with the previous fiscal year, bearing in mind the free allotment of shares granted during fiscal year 2014-2015, at the rate of one new share for ten old shares held. Moreover this dividend corresponds to a significantly higher pay-out rate of 44.8%, compared with 37.2% in 2014. Dividend detachment will be on December 15, 2015, with payment on December 17, 2015.

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