LDC : Strong Q1 sales boosted by prices with a deceleration in the decline in volumes for poultry
>Organic growth of 12.4% above our forecast of 9% thanks to a better performance internationally - LDC has published Q1 sales growth of 12.9% to € 1,514.8m. This came in a shade above our forecast in value terms (€ 1,502.6m). However, organic growth beat our forecast at 12.4% vs 9.1%e thanks to the international division. The poultry France division excluding upstream grew by 8.4% (vs 8.6%e) to € 977.5m, driven by the price increases obtained this year and during 2022...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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