Report
Fatma Agnès Hamdani

LDC : FY 2021-22 results in line. Targets out to 2026-27 have been set

>2021-22 underlying operating profit at € 208.5m, broadly in line. Strong international performance with sharp margin growth of 90bp to 5.1% - Based on already-announced FY 2021-22 sales of € 5,069m (+14.5% of which 11.9% l-f-l), underlying operating profit comes out broadly in line with estimates at € 208.5m (vs € 209.6m est. and consensus € 207m). The margin saw a limited decline of 30bp to 4.1% thanks to price revaluations for poultry both in France and internatio...
Underlying
Societe LDC Societe Anonyme

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.

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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