LDC : Q1 2020-21 sales better than expected. Situation gradually returning to normal from June but caution still in order
>Better-than-expected organic growth, at -2% vs -5%e - LDC’s Q1 2020-21 sales, reported yesterday evening, beat our expectations, with growth of 1.1% to € 1.0742bn (vs € 1.0302bn est.), after taking account of a larger-than-expected scope effect of +3.3%. Organic growth beat our expectations at -2% (vs -5%e). This marks a recovery from the -7% posted during the lockdown period. Moreover, the international division is less impacted by the health crisis, as it closes it...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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