(Boursier.com) — LDC climbed 3.5% to 118 euros this Friday, while the group announced its turnover for the first half of the 2023-2024 financial year. Over the period from March 2023 to the end of August 2023, the group’s sales amounted to €3,022.3 million, compared to €2,735.5 million in the first half of 2022-2023, up 10.5% and +8.2% in the first half of 2022-2023. identical scope and constant exchange rate.
Over the entire half-year, the volumes sold fell by 1.9%, despite a more favorable trend observed in the 2nd quarter with the gradual return of production after the episodes of avian influenza…
The favorable development of business conditions in poultry and good overall commercial performance allow LDC to be fully confident in its ability to exceed its current operating profitability objective initially set at around 5% of turnover. . “We are slightly raising our annual turnover forecast due to price effects and our MOC estimate to 5.4% (vs 5.2% previously)” comments Portzamparc who continues: “Our RNPG forecasts for this financial year and both following are increased by 4.5%, 4.3% and 4.1%. The updating of our estimates and the assumptions of our model (rate increase) has a marginal impact on our price objective which we maintain at 155 euros.
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