Graines Voltz (GRVO) Q4 2024 TU earnings summary

Executive summary

• Revenue grew 1% year-over-year to €134.4M for FY 2023/24, with stable operational indicators despite challenging market conditions.

• Net result swung to a loss of €-5.8M, mainly due to a €6.6M asset impairment related to the nursery segment.

Financial highlights

• Revenue: €134.4M (+1% year-over-year); France 65%, Europe 30%, Rest of World 5%.

• Current operating income: €4.0M, up from €2.4M last year; margin improved by 1 point.

• Net result: €-5.8M (vs. €0.7M prior year), impacted by asset write-downs and higher financial charges.

Outlook and guidance

• Cautious outlook for 2024/25 due to market instability and high client seed inventories.

• No revenue guidance provided for the next fiscal year.