LDC : Q2 a little weaker than expected in organic terms. Full-year revenue guidance lowered due to delay in integrating acquisitions
>Q2 organic revenues down 4.1% vs -3%e. Volume growth of 3% vs 3.5%e - LDC’s Q2 revenues, reported yesterday evening, fell 4% short of our expectations due to a lower-than-expected scope effect. The integration of Undikpol and Routhiau is deferred to H2. Revenues came in 2.7% lower at € 1.4669bn (vs € 1.5279bn est.). The organic decline is 4.1%, or slightly below our estimate of -3% due to a weaker upstream trend. Volumes fell slightly short at +3% vs +3.5%e§rch...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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