Savencia SA : Manque de visibilité sur la reprise de l’activité de Corman en Belgique. Neutre vs Surperformance avec un OC de 78 € vs 81 €
>Un S1 tiré par un mix volume de près de 7%e - La croissance organique de 9.4% affichée au S1 est tirée un fort mix volume de respectivement 6.6% et 7.4% pour les Produits Fromagers et les Autres Produits laitiers. L’activité a profité du fort rebond de l’activité Food Service dans la majorité des marchés, tandis que l’activité Retail est restée plutôt résiliente avec un tassement en fin de période en particulier en Europe. L’effet prix de 5.5% dont +10.2% au T2, en...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.