(AOF) – Vilmorin has published an annual profit for 2020-2021 (fiscal year ended June 30, 2021) of 92.3 million euros, after 66.2 million last year. This is the highest result for the seed producer since fiscal year 2012-2013. Consolidated operating income amounted to 127.4 million euros, a significant increase compared to the previous year (109.8 million euros); it shows an operating operating margin of 8.6%, up 0.9 point compared to 2019-2020.
Consolidated turnover, corresponding to income from ordinary activities, amounted to 1.48 billion euros, an increase of 2.9% using current data compared to the previous financial year. Restated on a like-for-like basis, it posted an increase of 8%.
Net of cash and cash equivalents (280.5 million euros), total net financial debt stood at 867.4 million euros as of June 30, 2021, compared to 933.5 million euros as of June 30, 2020.
In addition, the Vilmorin & Cie Board of Directors will propose to the General Meeting of Shareholders on December 10, 2021 a dividend of € 1.60 per share, up 60% compared to last year. This corresponds to a payout rate of 39.7%, compared to 34.6% in 2020.
Finally, for the 2021-2022 fiscal year, the group has set itself a target of at least 4% like-for-like growth, as well as a current operating margin rate of at least 8.5%.
Receive our latest news
Every morning, the information to remember about financial markets.