French poultry processor LDC has reported higher first-half sales, with its domestic business helped by the recent problems at local rival Doux.
LDC booked a 7.2% increase in sales to EUR1.46bn (US$1.98bn) for the six months to the end of August.
Go deeper with GlobalData
Sales from LDC’s domestic poultry arm – its largest business – and from its international operations both improved.
In France, LDC said an increase in second-quarter sales volumes was helped by the “disappearance of an important player” from the fresh poultry sector. In May, Doux, which has spent over a year in administration, closed its last abbatoir for fresh products after a buyer did not emerge for the site.
Overall, LDC described the performance of its French poultry business as “satisfactory” amid higher raw material prices, particularly for soy. First-half sales grew 9.5% to EUR1.03bn. Outside France, poultry sales were up 3.2% at EUR90.7m.
LDC’s second-largest operation is its delicatessen business, which saw sales fall 0.5% to EUR232.7m.
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 GlobalDataThe company will report its full first-half results next month.
