Savencia: stable organic sales in Q1

(CercleFinance.com) - Savencia Fromage & Dairy posted sales close to E1.
7bn for Q1, up 1.6% as reported and flat (+0.1%) LFL.

In organic terms, a 2.5% favourable contribution from cheese products, partly thanks part to positive volume dynamics, offset a 2.1% decline in other dairy products, notably linked to a drop in commodity volumes.

In a volatile and uncertain environment marked by changing consumption patterns and geopolitical and economic tensions, Savencia says it will continue its adaptation and investment efforts in 2024.


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