LDC : 2024-25 revenues broadly in line, with good volume growth. Full-year guidance maintained
>Organic growth just short of our expectations at -3.8% vs -3.3% with volume growth of 4.1% vs 3.2%e - For Q1 2024-25, LDC yesterday evening posted revenues of € 1.5177bn, virtually flat (+0.2%) and close to our expectations of €1.5243bn, including a scope effect of 3.2% and positive forex effect of 0.7%.On a high base, the organic decline in revenues came in slightly higher than our forecast at -3.8% vs -3.3%e due to a more negative price effect of 7.9% vs -6.5%...Societe LDC SA is a France-based holding company engaged in food processing. The Group provides poultry products, as well as a range of delicatessen food. It has four business lines: Upstream division, which is responsible for branch management; Poultry division, engaged in the poultry, pig and cattle farming, as well as egg production and others; The Delicatessen division, offering ready-to-eat meals and snacks like pizzas, sandwiches, tarts and desserts and International division which focuses on international development with countries specific strategies. It markets its products under various brands, including Le Gaulois, Loue and Traditions d'Asie.
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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