LDC : Q4 broadly in line. Volume recovery for the poultry France division. FY 2023-24 u/lying OP guidance confirmed
>Organic decline in Q4 sales of 1.5% vs -0.3%e due to more negative price effects. Volumes in the poultry France division recovered by +5.5% - LDC yesterday evening reported Q4 2023-24 sales close to our expectations. Sales were up a slight 1.6% to € 1,645.4m (vs cons. € 1,648m and ODDO BHF € 1,653m est.). Organic growth was a bit weaker at -1.5% versus -0.3% expected, reflecting bigger price decreases in poultry. Q4 sales in the poultry France division excluding...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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