Report
Fatma Agnès Hamdani

Savencia SA : Forte progression estimée du ROC au S1 2019 et résultat net attendu stable en dépit des coûts de restructuration

>Équation laitière favorable confirmée au premier semestre - L’économie laitière est favorable pour Savencia au S1 2019. Le cours de la poudre de lait continue de progresser et affiche une hausse de ~16% depuis début 2019. La demande reste soutenue par la Chine. Les cours des matières grasses sont en baisse de près de 30% sur un an, malgré la baisse de la collecte en France entre 1 à 2%, pénalisée par les conditions météo peu favorables. Les craintes de rupture de beu...
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

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch