French poultry group Duc today (12 February) reported a steep drop in sales during the last three months of 2009 as a challenging turkey sector impacted turnover.
Duc’s revenues dropped 13.6% to EUR45.1m (US$61.2m) in the fourth quarter of the year. Over the whole of 2009, sales were down 7.2% at EUR188.2m.
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The company blamed the fall in turnover on a “partial” exit from frozen contracts in the foodservice sector and on a turkey sector that had “impacted” sales throughout the year.
Duc also pointed to a fall in raw material prices, which it said hit its selling prices, especially at catering and snack arm Cobral.
The group said own-label sales had been “soft” due to less promotional planning in the latter part of 2009.
Duc will publish its full financial figures on 30 April.
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By GlobalData
