LDC, the French poultry group, has confirmed its full-year outlook despite posting a slight dip in first-half turnover.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company said that sales in the March to August period slid 0.5% to EUR924.9m (US$1.37bn). The decrease in sales accelerated during the second quarter, when revenues were down 1.7% to EUR451.6m.
LDC said that turnover from its catering business jumped 16.8% to EUR61.5m during the second quarter. However, sales at the company’s poultry unit dropped 4.1% to EUR390m.
The company confirmed that it is “confident” of achieving its goal of increasing operating income by 20% during the full year.
The company also revealed that it has completed the acquisition of convenience food business Marie from LDC.
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
