Limagrain Continues to Grow
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Limagrain Continues to Grow

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Limagrain Continues to Grow PR Newswire CHAPPES, France, November 7, 2012 CHAPPES, France, November 7, 2012 /PRNewswire/ -- Limagrain has just completed its 2011/2012 fiscal year and can announce a sharp rise in its sales.

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Limagrain Continues to Grow
PR Newswire CHAPPES, France, November 7, 2012
CHAPPES, France,November 7, 2012/PRNewswire/ --
Limagrain has just completed its 2011/2012 fiscal year and can announce a sharp rise in its sales. Within a difficult economic climate, the international agricultural co-operative Group demonstrates once again the relevance of its strategy of consolidating its agricultural base in the Auvergne region while successfully expanding in major agricultural areas around the world.
http://photos.prnewswire.com/prnh/20121106/573261 Consolidated sales totalled €1,784 M,compared with €1,555 M in 2011, therefore an increase ofnearly 15%.
Net profit totalled €88 M,compared with €92 M during the previous fiscal year, but the latter included a windfall profit of €30 M as a result of the sale of equity securities in China.Investment in research rose significantly to 165 Mcompared with €157 M, therefore 13% of "professional" sales. As of 30 June last, the Group has subsidiaries in 39 countries with almost 7,800 perm anent employees.
Daniel Chéron,CEO forLimagrain, comments: "In the current difficult economic context, Limagrain has stayed on course and the increase of around 15% in our sales demonstrates this. Incorporating Brossard into the Bakery Products' Division has been a great success. The Group is continuing with its international development through sites in new areas, in particularinBrazilwith projects involving seeds as well ascerealproductsand in India with the acquisition ofBiscofor field seeds andCentury, a specialist in vegetable seeds."
Limagrain is an international agricultural co-operative group,specialized in field seeds, vegetable seeds and th cereal products. Founded and managed by French farmers, Limagrain is the 4largest seed company in the world through its holdingVilmorin & Cie, European leader for functional flours throughLimagrain Céréales rd Ingrédientsand 3largest French industrial producer of Bread-Viennoiserie-Pastries throughJacquet-Brossard. The Group makes annual sales of more than 1.7 billion Euros and has a headcount of nearly 7,800, spread out over 39 countries, including 1,550 researchers. In Auvergne the Co-operative has 3,500 farmer members. It conducts its business within the framework of a global, sustainable vision of agriculture and agri-food based on innovation and regulation of agricultural markets
For further information:http://www.limagrain.comorhttp://www.facebook.com/limagrain
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