Savencia SA : Resilience confirmed despite the uncertain context
>Food service business less affected by the second lockdown - The new restrictive health measures in Europe are again likely to hurt Savencia’s food service business (around 20%e of group sales) in Q4. However, the decline (-20% to -25%e in October and November) is smaller than in the first lockdown (around -55%) insofar as the health measures are less restrictive and the commercial catering industry has adjusted somewhat, notably developing take-aways and home deliv...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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