Report
Fatma Agnès Hamdani

LDC : Q1 2018/19 sales in line on a reported basis. Full-year guidance reiterated

>Organic growth a little weaker at +2.8% vs. +4%e - Yesterday evening, LDC reported Q1 2018-19 sales close to our expectations at € 981.4m (vs. € 987m estimated), up 4.1%. However, organic growth was +2.8%, a little weaker than expected (+4%e) due to lower growth for the French poultry and convenience businesses. By division, the trends are:French Poultry (77% of sales and 86% of EBIT): sales up 4% on a reported basis to € 765.1m. Organic growth reached +2....
Underlying
Think Childcare Group

Think Childcare is engaged in operating childcare centers. Co. provides a professional and nurturing family type environment that supports its children through their emotional, social and physical development. It also prepares children for their transition to the school system through government approved Kindergarten programs, providing them with the foundational skills they need for school readiness. Co. owns, manages and operates over 45 long day childcare facilities in Australia for children between the ages of six weeks and six years old.

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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