Savencia SA : The FX effect is likely to weigh on Q4 despite the positive trend in sales in organic terms
>Recovery expected in the cheese product volume mix effect in Q4 - The volume mix in cheese products should show positive trends in Q4 2023. It should benefit from an easier base of comparison (volume mix -7.5% in Q4 2022) as well as growth in consumption, driven by budget brands and private labels, and also by premium national brands (festive season products) in France. In the rest of Europe, the fall in volumes is offset by a positive trend in the mix following the ...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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