Duc, France’s largest poultry processor, today (14 August) revealed that its revenues fell faster in the second quarter of the year than in the first three months of 2009.
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The company blamed pressure from customers to lower prices for the fall in sales. Duc said it had stopped producing selected lines where the pressure on price was “too strong”, which hit sales but protected margins.
Second-quarter sales fell 6.1% to EUR48.1m (US$68.4m). In the first three months of the year, Duc saw its revenues dip 0.5% to EUR47.5m. Over the first half as a whole, turnover was down 3.4% to EUR95.6m.
Duc said turkey sales dropped 10.3% during the second quarter. The company added that its “priority” during the third quarter would be to push on with plans to focus on its chicken portfolio.
Duc’s full first-half numbers will be out on 1 September.
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