Report
Fatma Agnès Hamdani

LDC : More visibility over the anticipated upturn in volumes in 2024-25

Against a backdrop of sluggish consumer spending and declining purchasing power, we believe LDC has what it takes to get through this period of uncertainty. The fall in raw material prices should give the group leeway to boost its volumes in 2024-25 while shielding its profitability. Strong FCF generation means it can easily finance its investments and make a more transformational acquisition if the opportunity arises. The recent fall in the share price should be seen an opportun...
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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