[€25.02] VIVESCIA Industries meets its budget commitments in a turbulent economic environment with high inflation

Based on work by independent experts Mazars, VIVESCIA Industries' supervisory board, which met on 18 April 2023, has defined the price at which its shares will be available to individual shareholders on its trading platform (from 15 May to 2 June 2023).
Set at €25.02, this new share price is slightly up on last October’s valuation.

The 2022-2023 financial year, like the previous one, is again marked by very high inflation coupled with high market and exchange rate volatility. This climate of uncertainty is putting all VIVESCIA Industries' businesses to the test, but all our employees have shown a remarkable commitment, adaptability and capacity to cope.
Revenue is expected to increase sharply, by more than 20%, due to very significant price effects.
The estimated full-year results for the year ending 30 June 2023 should be in line with budget commitments, and net debt is being closely monitored and should also be close to our targets.

The various projects launched by our different business lines are on schedule: The 5,000 m² cold store built on the site of Délifrance’s viennoiserie factory in Romans-sur-Isère (France) has been operational since February. No fewer than 650 people are working hard on Malteurop’s major construction site in Mexico, where they are building new malt house, which is due to be commissioned this summer. Aliane’s new moist feed production platform in Pauvres (Ardennes, France) has been operational for a few days, enabling Néalia to meet its customers' needs. ARD’s ‘Biodemo’ demonstrator has been gradually scaling up its production over the last few weeks, and it will be able to support the dynamic growth of the biotech market from the next fiscal year. Grands Moulins de Paris is putting the finishing touches to its marketplace, the first of its kind intended for the artisan bakery market.

Focused on doing everything possible to grow sales volumes, market share and profitability, VIVESCIA Industries’ teams are working equally hard to meet the targets defined in our LINK programme, LINK.
Of particular note is the consolidation of our climate roadmaps, which must be finalised by this autumn in order to obtain SBTi ¹ certification for our carbon footprint reduction targets for 2030. Announced in early April, this ambitious, robust, yet realistic trajectory covers VIVESCIA Group’s full scope: - 25% on total emissions (scope 1, 2 and 3), and - 38% on greenhouse gas emissions that VIVESCIA is directly responsible for (scope 1 and 2) ².

The world is facing many challenges in the economic, geopolitical and environmental spheres, but VIVESCIA Industries’ 6,000 employees, and its governance teams, are passionate about their grain and food industry businesses, and they are fully committed to proactively pursuing profitable growth within a resolutely sustainable business model.

¹ Created following the Paris Agreement, and a product of a collaboration between several institutions around the world, including the UN, the Science-Based Targets Initiative (SBTI) is now the benchmark in terms of companies’ carbon trajectories. www.sciencebasedtargets.org

² Read the press release of 4 April 2023 : VIVESCIA’s Climate Commitment !