Savencia SA : Uncertainties on the profitability trend in H2
>The price effect on other dairy products should continue to weaken in H2 - Organic sales growth of 19% in H1 at the other dairy products business reflects a volume mix of 3.3% and a price effect of 15.7% (of which +12.6%e in Q2 vs 19.2% in Q1). Sales continued to benefit from previous price revaluations, particularly for the retail and food service activity overall. At the ingredients business, only commodity products (milk powder, butter-based products) saw prices ...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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