Key figures
Results on the up
Sales came to €1,555 million, as opposed to €1,349 million in 2010, an increase of 11.6% with comparable scope (15.3% overall). This 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.
The results were higher than objectives but they involve some extraordinary items. Net income came to €92 million, as opposed to €69 million for the previous year.
The operating result went up to €165 million, as opposed to €108 million in 2010.
Equity stood at €915 million as opposed to €927 million in 2010.
Financial indebtedness stood at €663 million in 2011. It stood at a higher level than at the same time in 2010, where it reached €539 million.
Investment in research in all the Divisions rose significantly to €157 million as opposed to €144 million, and represents 14% of professional sales.
For the fiscal year, the Group held subsidiaries in 38 countries with a headcount of nearly 7,200 permanent staff, with multiple nationalities.
These figures confirm Limagrain's capacity to pursue its development, based on the commercial dynamism of its six Divisions: Limagrain Agro-Productions, Field Seeds, Vegetable Seeds, Garden Products, Bakery Products and Cereal Ingredients.
