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April 7, 2017

LDC expects FY operating profit to be higher than forecast

France-based poultry processor LDC has said it expects its annual underlying operating income to be higher than forecast.

By Dean Best

France-based poultry processor LDC has said it expects its annual underlying operating income to be higher than forecast.

In November, LDC forecast a 5% increase in full-year operating profit after seeing the company saw its sales and earnings rise in the first half of its financial year

LDC updated its expectations on the metric yesterday (6 April) as it announced its annual sales for the year to the end of February.

The company said its revenue rose 2.9% to EUR3.58bn (US$3.8bn). On an underlying basis, LDC’s sales rose 1.3%.

LDC plans to report its full annual financial results at the end of May.

Alongside the publication of LDC’s sales figures, the company said it had finalised the acquisition of local peer Lionor.

LDC also disclosed it is in talks to buy Couvoir Perrot, a French breeder of broiler chicks.

In December, LDC set out plans to upgrade its two major production plants in western France over the next three years.

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