French poultry group Duc has seen its annual sales jump over 25% thanks in part to contributions from recent acquisitions.
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Duc posted a 25.4% rise in revenue to EUR202.7m (US$258.8m) for 2008. On a like-for-like basis, sales rose 10.9%.
The company’s results were boosted by the integration of snack firm Cobral, which the group bought in December 2007.
Duc said the Cobral business, which has two sites in Brittany, contributed some EUR22.9m to its annual turnover.
Duc revealed that the move to establish a business in Gouaix to make coated chicken products added some EUR1.5m to turnover in the fourth quarter.
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By GlobalDataReported fourth-quarter revenue rose 16.7% to EUR52.2m; on a like-for-like basis, sales inched up 1.4%.
Duc admitted that rising raw material costs, falling household consumption and the restructuring of the Cobral business had weighed on margins.
However, the company added its acquisitions had increased its market share in an “extremely competitive environment”.
