Vilmorin & Cie - Annual report 2017-2018

PRESENTATION of Vilmorin & Cie 1 ANNUAL REPORT Vilmorin & Cie 22 2017-2018 1.4. Activities A world leader in seeds Vilmorin & Cie is one of the world leaders of the seed sector. The Company focuses on its single, historical core business of seeds; it does not operate in the agrochemicals sector. Vilmorin & Cie develops business around three activities, two of which represent its core business: Vegetable Seeds and Field Seeds, along with the Garden Products activity, intended for the consumer market. Each of these divisions is organized into Business Units, guaranteeing close proximity to their markets. In 2017-2018, Vilmorin & Cie made consolidated sales for the fiscal year of 1,346 million euros, down by 4.8% with current data compared with the previous fiscal year. On a like-for-like basis they progressed by 0.7%. . As the parent company of the group, Vilmorin & Cie carries out missions for the benefit of its subsidiaries, regarding general administration, human resource management, information systems and pooled upstream research programs  (3) . (1) Bearing in mind the application of the standard IFRS 11, AgReliant (a 50/50 joint venture with the German seed group KWS) has been recorded in the accounts using the equity method since fiscal year 2014-2015. (2) Including the Holdings. (3) Compensation for these services and the corresponding flows are set out in Note 32 of the notes to Vilmorin & Cie’s consolidated financial statements. HM.CLAUSE Hazera Vilmorin-Mikado Vegetable Seeds 50 % of sales for 2017-2018 Vilmorin Jardin Garden Products 4 % of sales for 2017-2018  (2) Limagrain Europe Limagrain South America Limagrain Cereal Seeds Limagrain Asia-Pacific Limagrain Africa AgReliant (1) Field Seeds 46 % of sales for 2017-2018 6 Business Units 1 Business Unit 3 Business Units 1.4. Activities