Savencia SA : Low visibility on the rest of the year
>First quarter boosted by prices - Organic growth of 8.1% in Q1 was driven by a price effect of 10% with +17% for other dairy products and a volume mix down 1.9%. This decline is mainly due to the fall in the volume mix in cheese products of -3.7%.Retail sales declined in volume terms in Europe for both cheese products and for the cream and butter segment in other dairy products. This is due to a slowdown in consumption, the fact that Easter fell later this year,...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.