Report
Fatma Agnès Hamdani

Savencia SA : L’effet de change devrait peser sur le T4 en dépit d’une bonne orientation du CA en organique

>Reprise attendue du mix volume des produits fromagers au T4 - Le mix volumes des produits fromagers devrait être bien orienté au T4 2023. Il devrait bénéficier d’une base de comparaison plus facile (mix volume -7.5% au T4 2022) ainsi que d’une bonne orientation de la consommation, tirée par les marques premiers prix et MDD, mais aussi par les marques nationales premiums (les produits festifs) en France. Sur le reste de l’Europe, la baisse des volumes est compensée pa...
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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