Savencia SA : What can we expect from S1 results?
>Cheese business to continue to be affected by the trading down in Europe - Savencia is due to publish its half-year results on 19 September. They are expected to confirm that demand for cheese products remains buoyant in the Americas and is holding up well in western Europe (including France), but with demand still tending to focus on private labels and budget brands. The cheese business is more challenging in eastern Europe and China. While the price of milk in Fra...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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