French poultry group Duc today (13 August) posted a 6% fall in half-year sales amid falling turkey volumes and the company’s policy to reduce its frozen business.
Duc’s revenue reached EUR89.3m (US$114.4m) for the six months to the end of June, down 6.1% on the year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Second-quarter sales fell 5.5% to EUR45.4m, although the result was an improvement on the first quarter, when sales dropped 7.7%.
During the second quarter, chicken volumes climbed 3.3% but turkey volumes fell 9.5%.
Over the whole of 2010, DUc expects its chicken business to grow and its turkey operations to “stabilise” in the last quarter of the year.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
