Report
Fatma Agnès Hamdani

Savencia SA : Manque de visibilité pour 2022 en lien avec l’évolution du contexte géopolitique

>Bonne résilience des ventes en retail malgré un effet de base élevé - La hausse du CA groupe 2021 de 8.7% en publié et 7.3% en organique s’appuie sur un effet volume /mix de 3.4%, reflétant : i/ une amélioration du mix notamment grâce aux innovations et la bonne dynamique des produits à forte valeur ajoutée et ii/ une forte hausse des volumes à destination du Food Service (+13% vs 2020) retrouvant les niveaux de 2019. Les volumes en retail (62% du CA) sont restés sta...
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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