Report
Fatma Agnès Hamdani

Savencia SA : Un trimestre solide. Relative prudence sur le reste de l’année. Achat réitéré

>Une croissance organique solide au T3 soutenue par les effets prix - La croissance organique du CA T3 de 5.2% reflète une croissance de 4.3% pour les Produits fromagers et +8.2% pour les Autres produits laitiers. Le mix volume pour les Produits fromagers reste solide à +2.7%, en dépit d’un été chaud en Europe et d’un effet de prix de +1.6% plus élevé qu’au S1 (+0.4%). Ceci reflète les hausses de prix passées dans certains pays d’Europe de l’Est ou encore en Rus...
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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