LDC, the French poultry group, has confirmed its full-year outlook despite posting a slight dip in first-half turnover.
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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.
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By GlobalData
