Report
Fatma Agnès Hamdani

Savencia SA : Poursuite des tendances du S1 sur le S2 avec une amélioration attendue de la rentabilité

>Progression de la marge au S1 de près de 130pb de la division Produits fromagers - La stabilité de la croissance organique du pôle Produits fromagers au S1 (+0.2%) reflète un mix volume légèrement négatif (-0.4%e) et un effet prix positif. Les volumes du S1 sont soutenus par la bonne dynamique de l’activité notamment au LATAM ainsi qu’une certaine résilience de certains pays de l’Europe de l’Ouest malgré une consommation atone, orientée vers les marques de distribute...
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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