Savencia SA : Continuing improvement in profitability
>Very dynamic Q2 for cheese products - Organic growth came to 4.7% in H1, reflecting strong momentum in the two businesses in Q2, with increases in sales of 5.4% for cheese products and +8.9% for other dairy products. Momentum was driven by a price effect of 3.2% in H1 with +3.8% in Q2 by our calculations. The estimated volume mix of 1.5% improved sharply in Q2 thanks to cheese products (+2.5% in H1 vs 0.3% in Q1). It increased in certain European countries incl...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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