SME Times is powered by   
Search News
Just in:   • UP govt approves new start-up policy  • Yes Bank case: ED attaches Rs 2,203 cr assets of Kapoor, others  • Thunderbolt 4 PCs expected later this year: Intel  • Samsung to make all Smart Watches in India, unveils 1st desi device  • Mastercard commits Rs 250 cr to support SMEs 
Last updated: 27 Sep, 2014  

Limagrain's Net Profit has Topped the 100 Million Euros Mark

PR Newswire | 15 Nov, 2013
CHAPPES, France: From 1 July 2012 to 30 June 2013, Limagrain operations have seen improvement from the previous fiscal year with sales figures of €1,939 M (+8.7%). This performance, which is the result of a long-term strategy, confirms the effectiveness of Limagrain's cooperative governance and allows the Group to have a proactive policy in terms of investment and jobs. During the fiscal year, Limagrain had subsidiaries in 39 countries with almost 8,200 employees.

Net profit stands at €109 M, compared with €88 M on 30 June 2012, a notable increase from the previous fiscal year.

Investment in research rises significantly to €188 M compared with €165 M in 2011/2012. This accounts for 13% of the professional sales figures and stands at €250 M when professional partnership work is included.

"Our Group is changing its pace," notes Daniel Chéron, Chief Executive Officer of Limagrain. "We are preparing for the future by means of a strong internal growth strategy and a targeted external growth strategy. During the fiscal year, new acquisitions and equity investments served to consolidate our presence in North America and in new development regions such as Asia or Africa. Very recently, we also announced a minority shareholding in Seed Co, the leading African seed company which operates in ten different countries. We are also going to strengthen our investments in research and focus on our partnerships in this area."

Jean-Yves Foucault, Chairman of Limagrain, highlights that:

"Limagrain has the distinctive characteristic of being an international cooperative group with strong ties to the Auvergne (France). Our cooperative model is based on balanced decision-making shared between elected farmer directors and salaried officers. This ensures a long-term vision and the successful implementation of our strategy."

Limagrain is an international agricultural cooperative group specialized in field seeds, vegetable seeds, and cereal products. Founded and managed by French farmers, Limagrain is the 4th largest seed company in the world thanks to its holding, Vilmorin & Cie, European leader for functional flours with Limagrain Céréales Ingrédients and leader on industrial bakery-pastry market in France with Jacquet-Brossard.

For further information:

Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 10 Jul, 2020
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Pain points for MSMEs(3)
» Starting an import export business: Basic guide for beginners(2)
» UP govt to change lives of migrants: MSME Principal Secy(2)
» China's forex reserves reach USD 2.85 trillion(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter