Savencia SA : Price increases underpin organic growth. Volume mix improvement in Q4
>Q4 sales +4% in organic terms, with an est. volume mix effect of 1.4% - 2018 organic sales growth of 2.1% stems from a price effect which we estimate at +2.9%. The group has raised its prices both for cheese products (+2%) and other dairy products (+3.8%) in connection with higher raw materials costs.Cheese products posted organic growth of 0.5% in 2018, with a decline in the volume effect of -1.5% Business was affected for most of the year by partial product de...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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