Report
Fatma Agnès Hamdani

LDC : Résultats 2023/24 supérieurs aux attentes. La guidance de marge 2024/25 est conservatrice en raison du contexte concurrentiel actuel

>ROC de 370.3 M€ avec une marge en hausse de 90 pb à 6% vs 5.8%e et un RNpg en hausse de 35% à 304 M€ vs Css 279 M€ - Le ROC 2023/24 ressort en hausse de 23.5% à 370.3 M€ et 2% au-dessus des attentes (Css 363 M€ et 362 M€e) La marge opérationnelle augmente de 90 pb à 6% (vs 5.8%e) grâce en particulier à la meilleure rentabilité de l’International.Le ROC du pôle Volaille France s’élève à 281.7 M€ (vs 280.8 M€e) en hausse de 25%. La marge s’apprécie de 90 pb à 6....
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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