(Boursier.com) — The group CDL posted in the first half of its 2022-2023 financial year a turnover of 2,735.5 ME, up 14.2% (+13.2% at identical scope and constant exchange rate) over one year. The volumes marketed fell by 3.3% and by 4.2% on an identical basis, but price increases favored invoicing.
The second quarter of fiscal year 2022-2023 benefited from growth in sales in value across all distribution channels. Over the period, consolidated revenue amounted to €1,393.6 million, up sharply by 16.1% compared to the 2nd quarter of the 2021-2022 financial year. Volumes sold are down 5.4% and 5.8% at identical scope. In a context marked by price increases on raw materials, persistent inflation on other costs (energy, packaging, etc.) and the episode of avian influenza, the Group has once again demonstrated its resilience.
“The price increases obtained in poultry in France and abroad have made it possible to offset the consequences of this unprecedented situation. They have also been a strong sign of the Group’s customers’ commitment to jobs in the sector and to the defense of the French origin of poultry meat. Beyond these revaluations, the good resistance of the half-year was driven by the agility and industrial performance of all the poultry sites. avian influenza, the mutual assistance plan between sites has made it possible to maintain a level of activity that exceeds the Group’s expectations”, explains LDC.
The group ensures that this level of activity should logically be accompanied by the maintenance of the level of current operating margin compared to the first half of the 2021-2022 financial year. This change will, however, be weighted by the performance expected from the Catering division, where the later and still insufficient price increases did not cover the increase in raw materials over the half-year, without even mentioning the inflation observed in the main items. operating expenses.
Beyond the current financial year, LDC reaffirms its confidence and confirms all of the objectives set within the framework of its strategic plan: to cross the threshold of 7 billion euros in turnover in 5 years. This new dimension must be accompanied by an increase in profitability with a target of nearly €560 million in EBITDA for the 2026-2027 financial year, up 40% compared to 2021-2022.
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