(AOF) – The LDC group achieved in 2021-2022 (financial year ended at the end of February) a turnover of 5.07 billion euros, up 14.5% over one year. This is the first time that the level of activity of the poultry specialist exceeds the symbolic bar of 5 billion. This includes growth of 16.1% in the fourth quarter to 1.4 billion euros. “As announced, the end-of-year celebrations went well and are generally in line with the Group’s expectations,” said the owner of the Loué and Le Gaulois brands.
LDC is now confident of posting current operating income slightly above the target of 200 million euros presented on the occasion of the half-year results. This confidence is based on the good performance achieved in its activities and on the favorable outcome of the first tariff negotiations obtained to deal with the evolution of raw materials, making it possible to preserve the balance of the sector.
However, the 2022-2023 financial year begins in an uncertain and difficult context due to the avian flu epidemic which affects many farms as well as the continuous rise in the price of raw materials and other expenses (cereals, energy, transport, packaging …). Despite everything, LDC will be able to contain the drop in its available volumes by around 20% over the period from March to August 2022.
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A booming fair trade in France
This trade has almost tripled in five years, reaching 1.83 billion euros in 2020 in France. Based on a more profitable model for producers in southern countries, it was developed by the NGO Max Havelaar in 1988. The latter labels 90% of fair trade in the world with a total of 10.7 billion dollars in 2019 This trade is 95% food products. Coffee, chocolate, bananas and cane sugar account for three quarters of sales. On our territory, the NGO will label wheat from the Gers and milk from Poitou-Charentes. The French market is developing through mass distribution, which represented 54% of sales in 2020 compared to 42% in 2018. However, while organic represents 6.5% of consumption in France, the share of fair trade is limited to 1.5%.