LDC books 9M sales bump
LDC, the French poultry processor, has booked a 15.2% rise in sales for the first nine months of its financial year.
LDC, the French poultry processor, has booked a 15.2% rise in sales for the first nine months of its financial year.
The company said consolidated group turnover rose to EUR2.55bn (US$2.77bn), up from EUR212.3m in the prior-year period. LDC said its revenue was boosted by its acquisitions, citing its purchase of a slaughterhouse and processing assets from France’s The Avril Group, as well as the Polish company Drop.
On a like-for-like basis, excluding acquisitions, sales were up 2%, LDC revealed.
Third quarter revenue rose EUR868.1m against EUR759.3m in the year ago period, a 14.3% increase.
LDC confirmed its full year earning targets given its year-to-date performance and the “level of activity” over the key holiday trading period.
When it reported its first-half results in November the company booked net income of EUR57.2m for the first six months of its 2015/2016 financial year, up from EUR46.2m 12 months earlier. EBIT stood at EUR82.3m, compared to EUR70.1m in the first half of 2013/14.
