Report
Fatma Agnès Hamdani

Savencia SA : Un T1 2021 robuste mais une visibilité réduite, en particulier sur le S2

>Un T1 2021 robuste porté par un fort mix volume - La croissance organique du T1 de 5.6% reflète un fort mix volume de 5% et un effet prix de 0.6%. La composante mix volume des Produits Fromagers de 5.8% est portée par une bonne dynamique de l’activité en retail sur la majorité des marchés européens et d’Asie alors que les ventes au Brésil sont pénalisées par le contexte sanitaire et l’impact sur les volumes des relèvements des prix opérés en GMS. Le Food service se ...
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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