Savencia SA : Cost inflation set to have more of an impact in 2022
>Growth of 3.9% l-f-l in Q3, buoyed by a price effect of 5.7%e reflecting industrial product prices - Organic growth in cheese product sales in the first nine months was based on a mix/volume effect of +5.1% and a slight price effect of 0.5%. Sales showed strong growth in international markets, mainly in the Americas and Asia. It was also solid in Europe at around 4%. Retail sales remained dynamic despite a slight dip in Q3 following the strong recovery in the food se...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.
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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