LDC: stock up after annual results
(CercleFinance.com) - LDC shares are up 2% after the food group published net profit, group share that is up 17.
3% to 165.1 million euros for FY 2021-22, despite a 0.3-point slip in its underlying operating margin to 4.1%.
The poultry specialist's revenues rose 14.5% to 5.1 billion euros, with volumes up 7.3%. LFL and at constant exchange rates, revenues increased 11.9%, while volumes rose 4.3%.
The group says that it is in a stronger financial position, with its management board set to propose the payment of a dividend that will is up at two euros per share to the general meeting scheduled for 25 August (compared to 1.8 euros paid for the previous financial year).
LDC also states that a strategic roadmap that should enable it to achieve revenues of seven billion euros in five years' time, with EBITDA of nearly 560 million euros by then.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
3% to 165.1 million euros for FY 2021-22, despite a 0.3-point slip in its underlying operating margin to 4.1%.
The poultry specialist's revenues rose 14.5% to 5.1 billion euros, with volumes up 7.3%. LFL and at constant exchange rates, revenues increased 11.9%, while volumes rose 4.3%.
The group says that it is in a stronger financial position, with its management board set to propose the payment of a dividend that will is up at two euros per share to the general meeting scheduled for 25 August (compared to 1.8 euros paid for the previous financial year).
LDC also states that a strategic roadmap that should enable it to achieve revenues of seven billion euros in five years' time, with EBITDA of nearly 560 million euros by then.
Copyright (c) 2022 CercleFinance.com. All rights reserved.