Savencia SA : The improvement in the volume mix broadly offset the drop in industrial product prices in Q1
>Q1 sales flat organically, including a volume mix of +1.7% on our calculations - We took away the following points from a company contact after the release of Q1 sales (€ 1.7bn, up 1.6% on a reported basis and flat organically):Organic growth of 2.5% in cheese products was driven by a volume mix effect of 1% and a small rise in prices of 1.5%. The group benefited from price hikes in 2023 and those obtained this year in some markets such as France to offset persi...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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