LDC: targets confirmed despite decline in H1 results
(CercleFinance.com) - LDC announced on Wednesday evening that it is confirming its annual targets, despite H1 results that fell short of analysts' expectations.
The poultry group said that H1 2024-2025 sales were down only slightly, at E2.98m, compared with E3.02m a year earlier.
Citing continued good control of its operating expenses, the company posted H1 Ebitda of E257.1m, compared with E290.7m for the same period last year.
In a press release, LDC states that it has returned to more normal margin levels, corresponding to a rate of 8.6% of sales, in line with the rate for H1 2022-2023 (8.8%).
The company points out that this figure is already higher than the targets of the 2026-2027 plan, characterised by a margin target of 8%.
Believing that these results are "perfectly aligned" with its annual targets, LDC confirms its FY 2024-2025 sales target of over E6.2bn, associated with a current operating margin of around 5%.
While the analysts at TP ICAP Midcap describe the publication as 'unsurprising', the teams at Oddo BHF point to H1 results below their expectations, due to international business.
Following this mixed publication, the LDC share price was fairly (+0.5%) on Thursday in Paris.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The poultry group said that H1 2024-2025 sales were down only slightly, at E2.98m, compared with E3.02m a year earlier.
Citing continued good control of its operating expenses, the company posted H1 Ebitda of E257.1m, compared with E290.7m for the same period last year.
In a press release, LDC states that it has returned to more normal margin levels, corresponding to a rate of 8.6% of sales, in line with the rate for H1 2022-2023 (8.8%).
The company points out that this figure is already higher than the targets of the 2026-2027 plan, characterised by a margin target of 8%.
Believing that these results are "perfectly aligned" with its annual targets, LDC confirms its FY 2024-2025 sales target of over E6.2bn, associated with a current operating margin of around 5%.
While the analysts at TP ICAP Midcap describe the publication as 'unsurprising', the teams at Oddo BHF point to H1 results below their expectations, due to international business.
Following this mixed publication, the LDC share price was fairly (+0.5%) on Thursday in Paris.
Copyright (c) 2024 CercleFinance.com. All rights reserved.