Regulated information

At the close of the first quarter of FY 2009-2010, turnover stood at 362.7 million Euros, up 4.- % (5.4% at constant exchange rates).
Sales—unchanged at constant scopes of consolidation and exchange rates (- 0.1 %)—were favourably impacted by the effects of external growth operations conducted in FY 2008 - 2009.
The quarter closed on a positive note, with growth figures for September up 0.7% on a like-for-like basis.
 

Finalisation of the agreement with BUTLER CAPITAL PARTNERS for the acquisition of FRANCE CHAMPIGNON

Turnover for the first half-year (July 1st - December 31st, 2009) stood at 760 million euros, up 3.5 % at constant foreign-exchange rates. Changes in scope of consolidation—through various acquisitions conducted in FY 2008-2009 (the canned-vegetables producer, La Corbeille; Family Tradition; Omstead Food), coupled with the deconsolidation of Gelagri's distributor-brand frozen-vegetables operations—impacted favourably on turnover, accounting for 3.4 % of the figure.

On a like-for-like basis, quarterly sales were up 0.4 % as opposed to a 0.1 % decline in Q1.

* Turnover up 3.5 % at constant exchange rates

* Operating margin up 58 base points (bps) to 6.9 %

* Sharp increase in net profit to 25.2 million euros

* Debt ratio down to 147 %, as opposed to 177 % in year N-1

* Confirmation of profitability objectives for FY 2009- 2010