French poultry group LDC has posted an increase in first-quarter sales, helped by recent M&A but also by its underlying business.
The company generated consolidated sales of EUR847.6m (US$941.1m) in the three months to the end of May, up 14.5% on a year earlier.
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LDC's top line was helped by the group's acquisition of slaughterhouse and processing assets from local agri-food business The Avril Group, which was finalised in March, as well as its purchase of Polish family-owned business Drop, a deal announced late last year.
Excluding the impact of the transactions, sales increased 1.8%. Volumes sold rose 4.4%.
LDC said the start of its financial year was "in line with the objectives set for the group for 2015/16".
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