French poultry group LDC has booked a rise in quarterly sales on the back of better volumes and success in securing price increases from its retail customers.
The company booked a 5.4% increase in fourth-quarter sales to EUR697.6m (US$1.01bn) for the three months to 28 February. Volumes were up 0.9%.
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In France, sales volumes rose 1.5% as LDC won price increases to assist the business in offsetting grain costs.
Neverthless, LDC warned that the “persistant tension” on the price of raw materials “could require a new revaluing of prices in the coming months”.
Internationall, LDC’s sales climbed 5.3% to EUR44.3m. At constant exchange rates, sales dipped from EUR42m to EUR41.9m. Volumes increased 0.3%.
Over the year, LDC’s turnover grew 23.7% to EUR2.55bn due to the first full-year contribution from the Arrive and Marie business acquired in 2009. Excluding the impact of those units, sales were up 3.5%.
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By GlobalDataLDC’s full annual financial figures will be announced on 25 May.
