LDC : Q4 2019 sales close to our expectations with weaker organic growth. Full-year guidance confirmed. Business down at the start of the financial year
>Weaker organic growth at + 2.2% in Q4 vs 3% estimated - Q4 2019 sales totalled € 1,205m (vs € 1,191.8m estimated), reflecting growth of 5.5%, underpinned by the integration of Ramon, Luché tradition for poultry France and Kiplama for international activities. Organic growth in Q4 came in at +2.2%, close to the Q3 level but below our expectations (+3%) due to weaker growth for poultry France excl. upstream activities. By business, the trends were: Poultry France...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.