Report
Fatma Agnès Hamdani

Savencia SA : Confiance affichée pour 2021. Surperformance maintenue avec un OC ajusté à 81 €

>Un exercice 2020 très solide avec une marge en progression de 30 pb à 4.1% hors intégration de CF&R - Lors de la réunion financière Savencia est revenu sur ses résultats 2020. Pour un CA en hausse de 3% en publié et 0.6% en organique, le ROC augmente fortement de 10% à 211.4 M€ et tient compte de la contribution de CF&R de 12 M€. Retraité de cet impact le ROC progresse quand même d’environ 4% à 199 M€ impliquant une marge de 4.1% (+30 pb). Le groupe a largement...
Underlying
Savencia SA

Savencia is a transformer of milk centered on cheese, dairy specialties, and on dairy ingredients. Co.'s operations are divided into two segments: the Cheese Products segment and the Other Dairy Products segment. In the Cheese Products segment, Co. manufactures and distributes cheeses and cheese specialties. In the Other Dairy Products segment, Co. manufactures and distributes modern butters and long-life creams both for final consumers and professional users, manufactures technical butters and specialized dairy proteins for industrial markets, and manufactures aseptically packaged products.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fatma Agnès Hamdani

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