From July 1st 2008 until June 30th 2009, Limagrain achieved a stable fiscal year in a difficult economic context, with results significantly higher than the previous year. All the Divisions with activities consolidated in the financial statements showed growth and positive economic results.

In a fast deteriorating financial and economic environment, the fiscal year was marked by the Group’s decision, via its subsidiary Vilmorin & Cie, to suspend the process to sell Oxadis and its subsidiaries (Switzerland, Netherlands, Poland) and Suttons (United Kingdom) in its “Garden Products” activity. Consequently, their financial statements have been integrated again as “continuing operations” and have been restated pro-forma for fiscal 2007-2008 in order to facilitate comparability.

Accordingly, consolidated sales came to €1 233 million as opposed to €1 240 million for the previous fiscal year, a stable situation compared to pro-forma 2008. This sales figure corresponds to “revenue from ordinary activities” in IFRS standards, integrating the sales made in joint-ventures, where the Group is in a position to make joint decisions.

Net consolidated income came to €58 million, as opposed to €52 million the previous year.

The operating result came to €117 million, down in relation to 2008 with €142 million.

Equity increased moving up to €618 million as opposed to €609 million in 2008.

The Group’s net financial indebtedness reached €633 million in 2009. It has gone up in comparison to 2008, when it stood at €540 million.

For the fiscal year, the Group had a headcount of nearly 6 000, with several nationalities spread over 37 countries. These figures confirm the Group’s capacity for growth, from the dynamism of each of its main activities: Seeds (Field Seeds and Vegetable Seeds) and Cereal Products (Cereal Ingredients and Bakery Products).