Savencia SA : On track for robust H1 activity driven by price effects but margin likely to come under pressure
>The dairy product market broadly remains strained - The upward trend in prices for dairy products continues although there was a small deceleration in May. Inflows were down almost everywhere, in particular in some European countries for SRI-related reasons (Denmark, the Netherlands) due to inflation in inputs resulting from the geopolitical context and lower rainfall. Inflows in France were down roughly 0.5% in H1. In this context, Savencia has reduced its offering ...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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