(AOF) – For the 2023-2024 financial year, LDC’s turnover amounts to 6.2 billion euros, up 6% compared to the 2022-2023 financial year. Volumes sold increased slightly (+0.3%). On an identical basis and constant exchange rate, turnover increased by 3% to 6.01 billion euros, associated with volumes sold which were generally stable at -0.2%. The turnover of the Poultry France division (with integration of the Upstream division) for the financial year amounts to 4.45 billion euros, an increase of 5.9% and 2.3% on an identical basis.
This increase in sales is notably linked to the contributions of the Matines brand acquired at the end of 2022 and of Ovoteam acquired in April 2023.
Despite an unfavorable context on certain European markets for whole parts (geese), the development of cutting activities and high value-added products (processed products, notably breaded roasts and charcuterie) have enabled a slight growth in volumes across the whole range. financial year (+0.7%) and an increase in turnover of 2.5% to 833.2 million euros.
The turnover of the Catering division amounted to 911.8 million euros, an increase of 10.2%. This growth is explained by the price increases obtained at the end of the previous financial year and at the start of the current financial year. The volumes sold were up 1.1% and benefited in particular from the good resistance of sales of the Marie brand.
LDC confirms its ability to achieve current operating income in excess of 350 million euros.
In the medium term, LDC also confirms all of the objectives set as part of its strategic plan: reaching the milestone of 7 billion euros in turnover for the 2026-2027 financial year. This new dimension must be accompanied by an increase in profitability with a target of nearly 560 million euros in EBITDA for the 2026-2027 financial year, an increase of 40% compared to 2021-2022.
© 2024 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
