Savencia SA : Q1 organic growth cannot be extrapolated to the rest of the year
>Easter helps limit decline in volumes of cheese products to 1% - Cheese product sales growth of 13.7% in Q1 was driven by a price effect of 14.7%, with a portion of the increases achieved in 2022 and a volume mix of -1%. The volume decline (mainly due to the drop in consumption in some European countries towards discount price and private label brands) was mitigated by a favourable calendar effect from Easter. The volume/mix remained positive in France and in the Ame...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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