1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. LDC
  6. News
  7. Summary
    LOUP   FR0013204336

LDC

(LOUP)
  Report
Real-time Euronext Paris  -  11:35 2022-08-15 am EDT
98.80 EUR   +0.82%
08/05LDC : Mixed general Shareholders meeting notice
CO
07/28NORTH AMERICAN MORNING BRIEFING : Stock Futures -2-
DJ
07/28EMEA MORNING BRIEFING : Stocks to Gain as Fed -2-
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Poultry group LDC to boost plant-based foods in growth plan

05/24/2022 | 12:30pm EDT

PARIS (Reuters) - France's largest poultry group LDC aims to more than treble its volumes of plant-based products by 2026 and is open to acquisitions in the sector as part of a plan to boost earnings by 40% in the next four years, it said on Tuesday.

The market for plant-based food has soared in recent years, attracting major investment from global agrifood groups, including Nestle, PepsiCo and Archer Daniels Midland, hoping to capitalise on a trend towards healthier eating.

"Our ambition is to accompany the flexitarian movement with the aim to reach 10,000 tonnes of products (from 3,000 tonnes currently) by 2026, for sales of 60 million euros ($64 million), just through organic growth," LDC's new chief executive Philippe Gelin told reporters.

"In addition we will be open to all opportunities that could arise in terms of external growth on these products," he added.

Yet plant-based meat will remain a small part of LDC, which is focused mainly on fresh poultry and ready-cooked dishes.

The group, which made 5.1 billion euros of sales in 2021/22, up 14.5% year-on-year, is aiming for 7.0 billion by 2026, and a 40% rise in earnings before interest, taxes, depreciation and amortization (EBITDA) to 560 million euros.

Gelin declined to give guidance for the 2022/23 financial year, saying there were too many unknowns at this stage, both in terms of volumes and prices.

LDC expects a fall in group poultry output of 12-15% in March-August due to France's worst ever bird flu crisis.

It still needs to pass on to customers a large portion of the higher costs it is facing due to the recent surge in the price of grains, which make up most of the diet of poultry, Gelin said.

($1 = 0.9339 euros)

(Reporting by Sybille de La Hamaide; Editing by Mark Potter)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ARCHER-DANIELS-MIDLAND COMPANY -0.54% 86.13 Delayed Quote.27.43%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.03% 179.875 End-of-day quote.7.64%
LDC 0.82% 98.8 Real-time Quote.2.07%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.04% 139.8 End-of-day quote.0.04%
NESTLÉ S.A. 0.93% 115.64 Delayed Quote.-10.09%
PEPSICO, INC. 1.10% 179.28 Delayed Quote.3.21%
All news about LDC
08/05LDC : Mixed general Shareholders meeting notice
CO
07/28NORTH AMERICAN MORNING BRIEFING : Stock Futures -2-
DJ
07/28EMEA MORNING BRIEFING : Stocks to Gain as Fed -2-
DJ
06/14British Media Group ITV to Buy $126 Million Stake in Plimsoll Production
MT
06/14Britain's ITV buys natural history producer Plimsoll
RE
05/25GLOBAL MARKETS LIVE : Glencore, Starbucks, Apple, Lyft, Intuit...
MS
05/24Poultry group LDC to boost plant-based foods in growth plan
RE
03/24Louis Dreyfus joins surge in crop merchant profits
RE
03/24Global crop merchant Louis Dreyfus posts higher annual profit
RE
03/15L.D.C. S.A. Reports Earnings Results for the Full Year Ended February 28, 2022
CI
More news
Financials
Sales 2023 5 424 M 5 523 M 5 523 M
Net income 2023 153 M 156 M 156 M
Net cash 2023 237 M 241 M 241 M
P/E ratio 2023 11,3x
Yield 2023 1,96%
Capitalization 1 731 M 1 763 M 1 763 M
EV / Sales 2023 0,28x
EV / Sales 2024 0,24x
Nbr of Employees 23 450
Free-Float 20,8%
Chart LDC
Duration : Period :
LDC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LDC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 98,80 €
Average target price 121,66 €
Spread / Average Target 23,1%
EPS Revisions
Managers and Directors
Denis Lambert Chairman-Executive Board
Laurent Raimbault Head-Finance & Administration
André Delion Chairman-Supervisory Board
Jean-Paul Sabet Member-Supervisory Board
Béatrice Bastien Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
LDC2.07%1 761
TYSON FOODS, INC.-5.86%29 414
HORMEL FOODS CORPORATION3.30%27 226
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.-14.96%13 771
JBS S.A.-19.84%13 258
WH GROUP LIMITED11.66%9 851