Savencia SA : Slowdown in demand weighed on volumes in Q3 but price effects which are easing continue to offset weaker demand
>Cheese product volumes were down 1.5% in Q3 - The 5.6% organic growth in Q3 group sales reflects a lower volume mix of around 1% and a lower price effect of 6.6%, including +5.5% for cheese products. This decline in volumes affected both divisions. The price carryover effect, combined with the price increases obtained at the beginning of 2023, weighed on consumption of cheese products (volumes down 1.5% in Q3), particularly in Europe (including France), in favour o...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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