For the March-Might interval of 2024, LDC Group studies a year-on-year improve of 5.6% within the quantity of gross sales. This it attributes to a mixture of its profitable technique to regain market share, in addition to latest acquisitions.
Regardless of the expansion in gross sales, consolidated turnover for the interval was up solely marginally at nearly EUR1.518 billion (US$1.643 billion).
On a like-for-like foundation, turnover was down 3.1% year-on-year, whereas gross sales quantity was up 4.1%. At fixed trade charges, turnover was 3.8% decrease.
For the comparable interval within the 2023-2024 fiscal 12 months, gross sales had contracted by 4.6% year-on-year within the first quarter. This illustrates how its intensive promotional efforts over the newest interval have helped reverse the earlier decline in gross sales quantity, the agency studies.
For the present 12-month interval, LDC Group had beforehand set out its ambitions to obtain a turnover of EUR6.5 billion, and to revive its working margin to five%.
Efficiency by enterprise sector
The biggest of the group’s enterprise models is Poultry France, which achieved gross sales within the first quarter of the present fiscal 12 months of just below EUR1.1 billion.
Together with each poultry meat and processed merchandise, this equates to a marginal improve from the comparable interval. LDC Group highlights robust contributions in these classes by 4 of its newest acquisitions. These have been poultry firm SavicFresion in addition to processors Ovoteam, Galina Maine, and Mayenne Volaille. All of those entities have been integrated into the LDC Group between April and June of 2023.
First-quarter gross sales for the Poultry division inside this enterprise unit have been 3.8% decrease year-on-year at just a little over EUR940 million. Nonetheless, gross sales quantity was up by 5.9%, which the group explains as associated to pricing changes in keeping with modifications in uncooked materials prices.
In its Worldwide enterprise unit, LDC Group studies that gross sales turnover for the quarter fell again year-on-year by 4.6% to round EUR193 million. Nonetheless, this was largely attributable to an distinctive rise through the comparable interval in 2023-2024. Sturdy gross sales of hen parts helped to push up the quantity of gross sales for the three-month interval by 5.4% year-on-year.
For its third enterprise unit — Catering — LDC Group credit a 4.7% year-on-year improve in turnover to nearly EUR234 million to at least one operation. This was Les Délices de Saint-Léonard manufacturing facility — a plant acquired by LDC Group in January of this 12 months.
Extra on LDC Group
With annual manufacturing of round 476 million birds, Lambert Dodard Chancereul Group (LDC Group) is the third largest poultry producer in Europe, in accordance with WATTPoultry.com’s Prime Poultry Corporations survey. In addition to hen, France’s greatest poultry firm produces and sells a spread of turkey, duck, and goose meat merchandise, in addition to eggs of the Matines model.
Following earlier difficult buying and selling intervals, the group reported enhancements in each gross sales and turnover for the newest full fiscal 12 months. To attain beforehand said progress targets, LDC continues to hunt acquisition alternatives.
Simply final month, LDC Group introduced plans to accumulate the Konspol poultry model of Poland, together with a processing facility within the south of the nation.
This deal adopted quickly after LDC’s proposed buy of Indykpol, the Polish turkey producer, in November of 2023. This transaction should be below evaluate by the European competitors authority.
