SALES ON SEPTEMBER 30, 2020

• SUSTAINED SALES GROWTH FOR THE FIRST QUARTER 2020-2021: +6.7% ON A LIKE-FOR-LIKE BASIS
   
• CONFIRMATION OF OBJECTIVES FOR 2020-2021

             

Vilmorin & Cie’s consolidated sales for the first quarter of 2020-2021, closing on September 30, 2020, corresponding to revenue from ordinary activities, stood at 234.4 million euros, up 6.7% on a like-for-like basis and 1.1% with current data.

In millions of euros	2019-2020	2020-2021	Variation with current data	Variation on a like-for-like basis
Sales at the end of the first quarter	231.9	234.4	+1.1%	+6.7%
Vegetable Seeds	108.6	104.8	-3.5%	+2.2%
Field Seeds	116.1	120.5	+3.8%	+9.5%
Garden Products and Holdings	7.3	9.1	+24.9%	+28.7%

Consolidated financial information is established in compliance with the IFRS (International Financial Reporting Standards) reference, as applied by the European Union on September 30, 2020.

SALES FOR THE FIRST QUARTER 2020-2021

Vegetable Seeds division: growth in line with objectives, at the end of a quarter marked by fluctuating currency rates

      
Sales for the Vegetable Seeds division stood at 104.8 million euros, down 3.5% compared to the same period of the previous fiscal year, as a result of the unfavorable evolution of foreign currency against the euro. Restated for the effect of foreign currency, Vegetable Seeds sales increased by 2.2%.

Over the course of the first quarter, Vilmorin & Cie posted a fine increase in the sales of several strategic crops, foremost of which were cauliflower, bean and lettuce.

In terms of geographical regions, this increase in sales was strong in several territories, with a very good performance in the Americas, particularly South America. Sales also grew at a good level in Europe, particularly in Western Europe, while in Asia, sales were penalized by unfavorable weather conditions, particularly in India and China, as well as by a few one-off shortages in seed availability.