LDC : Q4 broadly in line, with nice surprises from delicatessen and international
>Flat organic growth vs -1.2%e. Better growth from delicatessen (+5%) and international (-4.1%) - LDC yesterday evening reported Q4 2020-21 sales of € 1.2091bn (+0.3%), in line with our € 1.2028bn forecast. Organic growth was flat vs -1.2% expected, thanks to a better showing from the delicatessen and international segments.By business, Q4 2020-21 sales saw the following trends:Poultry France (75% of sales and 76% of EBIT): flat sales of € 864.7m. Organic ...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.
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