LDC, the France-based poultry processor, has seen higher sales in its domestic market offset a fall in revenues from its overseas operations.
The company booked a 2.8% increase in revenue to EUR2.62bn (US$2.77bn) for the first nine months of its financial year, with sales from poultry in France up 3%.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataLDC’s international poultry business reported a 4.8% fall in sales. Excluding the impact of exchange rates, sales rose 0.7%.
However, LDC also indicated it had seen international volumes fall 3.3% in the third quarter as it as moved away from less profitable business.
LDC’s third division – deli products – saw sales rose 5% during the nine-month period.
The group only provided sales figures but maintained its target for annual operating income to grow 5%.
LDC plans to report its full-year sales on 6 April.
Alongside the publication of the results, LDC announced it is in exclusive negotiations to buy local peer Groupe Lionor.