LDC saw underlying sales rise during its Q1

LDC saw underlying sales rise during its Q1

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%.

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%.