Profit suffered more from this drop in prices: it fell by 18.9% in one year, to 124.2 million euros over the period. From the end of 2022 to the end of 2023, the avian influenza epidemic had significantly reduced the supply of poultry and prices then increased, to the benefit of LDC: its net profit had jumped by a third over its staggered 2023-2024 financial year. .
Price increases in addition to those decided to respond to the soaring costs of energy and animal feed in the wake of the war in Ukraine: in two years, prices had jumped by almost 40 %. But as part of commercial negotiations governed by the “Egalim” laws, LDC had to lower its prices by around 10% from mid-2023.
+ 4.9% in one year
The group’s margins suffered, but in return, sales volumes increased: +4.9% in one year. To continue to grow while the group is largely the leader in the poultry market and each of its acquisitions is scrutinized by the Competition Authority, LDC is increasing its excursions into other markets.
First, in its “catering” activity, with its flagship brand of ready meals and other prepared products “Marie”. A segment which gained 7.2% in turnover in one year, and which LDC is seeking to increase with the absorption of Pierre Martinet, the number one tabbouleh maker in France, announced in October.
Then, internationally, where the group generates around 12% of its sales. It will thus launch in Romania and Germany, through acquisitions of local companies, in addition to Hungary and especially Poland where it is already present.
Swiss
