French poultry group LDC has hailed a “successful start to the year” with first-quarter sales up 0.6%.
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The company, which is France’s largest poultry processor, booked consolidated turnover of EUR473.3m (US$669.6m) thanks to a continued recovery in domestic consumption.
Internationally, LDC’s turnover tumbled by almost 23% but the company pointed to a restructuring of its Spanish operations and the relaunch of products made in Poland.
Nevertheless, LDC said its “strong” first quarter meant it could reaffirm its target of seeing operating profit climb 20% over the fiscal year.
Last week, LDC revealed it had started exclusive talks with UK convenience food firm Uniq to buy French business Marie.
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By GlobalDataLDC said the acquisition depends on the approval of Uniq shareholders and the French competition watchdog.
