Fleury Michon SA Reports Consolidated Revenue Results for the Third Quarter and Nine Months Ended September 30, 2012; Providers Revenue Guidance for the Second Half and Earnings Guidance for the Full Year of 2012
For the nine months, the company reported revenue of 516.9 million compared to 482.0 million a year ago.
The group confirms that it expects a dynamic second half and an increase in annual revenue of around 7%, in an environment which weighs more heavily on profitability, due to costs relating to raw materials and the start of the new Cambrai production unit in November.
For the year as a whole, the group maintains its forecast of an operating margin in excess of 5%.