LDC : Strong performance in Q1 2021-22 thanks to the faster-than-expected recovery in the out-of-home channel and exports
>Organic growth much higher than expected at 10.2%, underpinned by a volume effect of +5.4% and a price mix of +4.8% - For Q1 2021-22, LDC published yesterday evening sales of € 1,195.7m, 6% above our estimates (€ 1,121.9m est.) and up 11.3%, of which +1.6% in scope effects. Organic growth came to 10.2% (vs 3.5% est.), underpinned by a volume effect of 5.4% and a price mix effect of 4.8%. The trend in the price mix reflects notably: 1/ the price adjustments obtained i...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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