Page 32 - Einbeck News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Net sales at the Corn Segment in the first nine months were €602.7 (607.4) million and thus at the level of the previous year; the segment grew net sales by 9% after adjustment for exchange rate effects. The main contributors to operational growth were the Europe region (in particular Southeastern and Eastern Europe) as well as Argentina and Brazil. However, our U.S. joint venture AgReliant posted lower sales and contributions to earnings in the face of a challenging competitive environment. The segment s income was €77.7 (79.7) million. Net sales in the Sugarbeet Segment in the first nine months rose by around 14% to €425.4 (372.4) million. This significant increase is mainly attributable to earlier deliveries of seed compared with the previous year. A slight increase in net sales for the full year is expected for the segment. Moreover, innovative KWS varieties enjoyed increasing success, despite slight declines in cultivation area in Europe. Alongside the continuing prog

Peter vogtSina barnkotheMartin heistermannEva kienleNoceto parmaCorporate communicationsInternational financial reporting standards ifrssChief financial officerPop vriend seedsCorn segmentEastern europeSugarbeet segmentCereals segmentVegetables segmentCorporate segmentInternational financial reporting standards