LDC: FY 2020-2021 sales slip 1.4%
(CercleFinance.com) - The LDC Group has published consolidated revenues of 4.
4 billion euros for FY 2020-2021, down 1.4% like-for-like and at constant exchange rates y-o-y, with volumes down 1.1%.
The French poultry market showed a limited decline, thanks to its strong positions at large and medium-sized stores, LDC said. Therefore, with the upstream division, annual sales for the Poultry division amounted to 3,327.4 million euros, down 0.9% at a constant consolidation scope.
Internationally, business is still dogged by the health crisis, despite the contribution of external growth. Revenues thus fell by 5.7% to 446.2 million euros, even though volumes actually rose by 6.4%.
The Group is approaching the new financial year with caution, although believes that it will be able to rely on a gradual recovery in sales in the out-of-home catering sector from the second half of the year.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
4 billion euros for FY 2020-2021, down 1.4% like-for-like and at constant exchange rates y-o-y, with volumes down 1.1%.
The French poultry market showed a limited decline, thanks to its strong positions at large and medium-sized stores, LDC said. Therefore, with the upstream division, annual sales for the Poultry division amounted to 3,327.4 million euros, down 0.9% at a constant consolidation scope.
Internationally, business is still dogged by the health crisis, despite the contribution of external growth. Revenues thus fell by 5.7% to 446.2 million euros, even though volumes actually rose by 6.4%.
The Group is approaching the new financial year with caution, although believes that it will be able to rely on a gradual recovery in sales in the out-of-home catering sector from the second half of the year.
Copyright (c) 2021 CercleFinance.com. All rights reserved.