Savencia SA : Organic growth back in positive territory in Q3
>Q3 sales: + 1.1% organic growth vs -1.6%e and -4.2% in Q2 - Savencia released its 9M sales figures yesterday evening, beating our forecasts by 2%. Organic growth came to +0.1% vs -0.8%e, including 1.1% organic growth in Q3 which was above the -1.6%e we expected and the -4.2% reported in Q2. This performance was driven by solid momentum in the retail business thanks to growth in home consumption as well as a gradual upturn in food-service sales volumes (contract and c...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.