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Julie Hurisse
Published on
Nov. 27, 2024 at 7:06 p.m.
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Ce Wednesday November 27, 2024LDC, based in Sablé-sur-Sarthereveals, via a press release, its figures for the first half of 2024. As the essential holiday season begins, the poultry group believes that its “strategy of regaining volumes is a success”. He intensifies its buyback policy in France and abroad.
“A return to normal” for the Sarthois poultry farmer
After “an exceptional year marked by the end of the avian influenza crisis and favorable price effects”, the first half marks “a return to normal characterized by an increase in volumes sold associated with a drop in sales in value in relation to with the decline in agricultural raw materials,” the group said.
The increase in volumes over the first half was 4.9% and sales in value decreased by 1.2%.
Over the half-year, volumes sold in the Poultry division (excluding upstream) increased by 4.5% and sales in value fell by 4.1%.
The group hopes for a return to growth in the Label families thanks to “a commercial revitalization plan”.
A l’Internationalsales were down 4.6% “due to lower sales in the duck family, partially offset by a good level of activity in the chicken family”. The tonnages sold increased by 3.9%.
On the Caterer, sales for the first six months increased by 7.2% and the tonnages sold increased by 7.7%. On an identical basis, sales showed an increase of 1.5% with stable volumes.
“The activity of the period fully benefited from the contribution of the Les Délices de Saint-Léonard factory, integrated on January 1, 2024,” the group said.
Numerous acquisitions in recent months
The last few months have also been marked by the group's numerous acquisitions. “The Group is accelerating its acquisition program.”
With sept acquisitions carried out or in progress over the 2024-2025 financial year, “these operations represent a potential turnover of more than €640 million5 corresponding to more than 10% of LDC’s overall turnover”, LDC reports.
In the Poultry France division, the acquisition of Routhiau Group is still awaiting Authorization from the Competition Authority but LDC has acquired 80% of the capital of the Favid Company (45 employees) to “strengthen the Group’s supply autonomy”, in July 2024.
Poland, Romania and Germany
Internationally, after the integration of the Indykpol Company, leader in turkey in Poland on August 1, 2024, “the Group has consolidated its footprint in the country with the acquisition of the Konspol factory in Nowy Sacz allowing it to strengthen its positions in breaded poultry and enter the market for catering products (burgers, sandwiches, tortillas and gyozas)”, since October 1, 2024.
The Group is also positioning itself in Romania with the acquisition of the company Calibrate (40 employees) and integration on August 1, 2024. The objective is to “complete the local breaded offering, until now provided by the Marnevall Company in Hungary”.
Still internationally, after validation from the Competition Authority received on November 21, the Group announces the acquisition of the majority of the capital of the ECF Group (European Convenience Food) for integration from December 1, 2024. ECF is the leader in Germany on the market for prepared cooked and frozen products (plant- and poultry-based) and a major player in out-of-home catering with its Vegeta and Karl Kemper brands.
The group is “examining new external growth opportunities”
And the group announces that it is examining “new external growth opportunities” to “achieve a global turnover of around €500 million in 5 years”.
In catering, the acquisition of the Pierre Martinet Group, one of the leaders in mixed salads in the self-service section, is conditional on the validation of the Competition Authority “whose decision is expected during the 1st semester 2025”. This operation should allow LDC “to be present in more than 70% of families in the Catering department”.
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