French cooperative agri-business InVivo has revealed its 2015-16 results with a T/O (EUR 6.4 billion) up 13%.
These numbers come together with less convincing operating profits (EUR 0.074 billion), up 11%. Of interest to the pets sector are the performances of InVivo NSA (now Neovia), which are up 8% (T/O EUR 1.6 billion) and of the retail sector (Gamm Vert) up 3.3% (T/O EUR 0.54 billion).
Cereals are InVivo’s main driver with +28.7% (T/O EUR 2.7 billion). But also a major risk for 2016-17: the summer 2016 cereal crop has been fairly poor, and world prices low; consequently, the 2016-17 T/O might be halved.
In the retail sector (prone to concentration), the 1,200 Gamm Vert farm stores (12% market share in garden & pets retailing) are likely to welcome new franchisees, independent garden & pets centers looking for stronger logistics and purchasing organizations. To make the most of sales surfaces and catchment areas, Gamm Vert stores will welcome grocery activities under the trading style “Frais d’Ici”.