LDC : Q3 a shade below expectations due to a more limited volume effect. Full-year guidance confirmed
>Organic sales down 0.8% vs +1.8% estimated due to a more limited volume effect in poultry - LDC reported Q3 2023-24 sales of € 1,530.7m, up 2.6%, some 2% below our forecast (€ 1,568.9m). Organic growth came in a shade below -0.8% (vs +1.8% est.). The difference with our estimate essentially stems from a less favourable volume effect, specifically at the poultry France division and internationally. Volumes were broadly stable (+0.1%) vs the anticipated +2.7%. Trends b...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.
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