Leading French poultry meat producer, LDC Group, has reported increases in output, turnover, operating and net income for its financial year ended February 2017 compared with the previous year.
Group turnover was EUR3.58 billion (US$4.02 billion), up from EUR3.4786 billion (US$390.5 billion) in 2015-16, while operating income increased by 8.7 percent to EUR174.5 million (US$195.8), and net income rose 14.5 percent to EUR130.3 million (US$146.2 million). Production volume in 2016-17 was 877,100 metric tons (mt), compared with 850,500 mt the previous year.
At EUR2.572 billion (US$2.88 billion), LDC’s largest division, Poultry, achieved a 3.1 percent increase in sales value for the year, while the tonnage produced was up by 3.7 percent.
The firm’s Deli division achieved sales growth of 5.1 percent in value and 4.8 percent in volume, attributed to strong growth in its cooked dishes brand.
For both divisions, overall growth was achieved following strong performance over the festive period in the fourth quarter.
Compared to the previous year, LDC’s international sales were down 1.3 percent at EUR241.9 million (EUR271.4 million). A 2.3 percent reduction in volume was attributed to the ending of the firm’s business activity in Spain in June 2016. On a like-for-like basis, sales were stable, and tonnage was down 1.7 percent.
In March, LDC acquired poultry meat producer, Lionor, based in northern France, and it is in negotiations with Brittany-based breeder, Couvoir Perrot.
