French poultry group Duc has posted a drop in first-quarter turnover.
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For the three-month period, turnover dropped to EUR47.5m (US$64m) from EUR47.8m in the comparable period of 2008.
Duc blamed “adverse economic conditions” on the drop. However, the company said that the “level of activity” in the quarter had been “quite good” on each of its segments.
Duc said it is making efforts to “control restructuring” after last year bringing in a policy of investment and “significant restructuring” in response to the pressure on margins.
“Specialisation of industrial sites, reducing the turkey [operations] (reflecting a decline in the market) and the intensification of the restructuring of society Cobral will allow Duc to show a strong improvement in 2009,” the company said.
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