French poultry group LDC has seen first quarter sales jump by a third thanks to contributions from acquisitions Arrivé and Marie.
The company yesterday (6 July) reported revenues of EUR629.5m (US$790.9m) for the three months to the end of May – a rise of 33%.
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LDC’s sales were boosted by its acquisitions of local rival Arrivé and ready-meals firm Marie, although underlying sales were up 1.5%. Underlying volumes climbed 3.4%.
Sales from LDC’s domestic poultry business were up 25.9% at EUR409.8m. On an underlying basis, sales rose 1.1%.
The acquisition of Marie more than doubled LDC’s sales from its catering division. Revenue reached EUR133.3m. Underlying sales were up 2%.
Internationally, LDC saw sales climb 14.7% to EUR36.2m, driven by the company’s Polish business. At constant exchange rates, sales inched up 0.8%.
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By GlobalData
