Report
Fatma Agnès Hamdani

Savencia SA : Les hausses de prix soutiennent la croissance organique. Redressement du mix-volumes au T4

>CA T4 : +4% en organique dont +1.4% estimé de mix volume - La croissance organique du CA 2018 de 2.1% est imputable à un effet prix que nous estimons à +2.9%. Le groupe a relevé ses prix aussi bien pour les produits fromagers (+2%) que pour les autres produits laitiers (+3.8%) en lien avec les hausses de matières premières.Les produits fromagers affichent une croissance organique de 0.5% en 2018 avec un recul du mix-volumes de 1.5%. L’activité a, en effet, pâti ...
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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