This solid
quarterly performance is a result of continued improvements in grain margins,
strong fertilizer sales, and the added grain elevator network from Agricore
United. Sales for the quarter were CAN$1.5 billion
(€95m) compared to $400 million (€253m) for the same quarter last year. During
the quarter, Viterra also completed a $440-million (€279m) offering to fund
potential future acquisitions.
Viterra CEO Mayo
Schmidt told analysts: "I don't think there's been a richer environment for
opportunities in the segments that we operate in the last 20 or 30 years."
Employee
investments
Viterra employees can invest up to
10% of regular earnings in Viterra shares through payroll deductions and Viterra
will contribute up to 50% of an employee’s personal contribution each pay
period.
The company also gifted 20 shares for
every eligible employee, excluding executive management. "The board of directors believes that this program will more closely
align the goals of our employees with the interests of our shareholders,''
Schmidt said.
Regina-based
Viterra is
The new company
has extensive operations and distribution capabilities across
Subscribe here to the free animal feed
newsletter
Mail a friend
Print
