LDC : Another quarter of strong growth, driven by price hikes coupled with a recovery in food service and exports
>Stronger organic growth in Q2 at +11.6% vs +6.6%e - LDC yesterday reported Q2 2021-22 sales of € 1.2003bn, up a sharp 14.6% and 4.5% ahead of our expectations. Organic growth reached 11.6% vs +6.6% forecast and 10.2% in Q1. Contrary to our expectations, business remained very robust in Q2, thanks to the upturn in consumption in the food service channel in France and the recovery in exports, despite the price increases introduced.The breakdown by business is as ...Societe LDC SA is a France-based holding company engaged in food processing. The Group provides poultry products, as well as a range of delicatessen food. It has four business lines: Upstream division, which is responsible for branch management; Poultry division, engaged in the poultry, pig and cattle farming, as well as egg production and others; The Delicatessen division, offering ready-to-eat meals and snacks like pizzas, sandwiches, tarts and desserts and International division which focuses on international development with countries specific strategies. It markets its products under various brands, including Le Gaulois, Loue and Traditions d'Asie.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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