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LDC Profits Down on Rising Turnover

by 5m Editor
1 June 2011, at 10:26am

FRANCE - French poultry group LDC saw its turnover rise to €2.5547 billion in the 2010/11 financial year compared to €2.0651 billion in the previous year.

The 23.7 per cent rise was largely due to the first full year's integration of the company Arrivé into the poultry group and Marie into the delicatessen sector.

The company also saw the volume produced rise by 27.2 per cent.

The company's turnover on the domestic French market rose by 18.5 per cent to €1.8966 billion and on the international market by 7.7 per cent to €156.1 million.

However, the group's operation profits for the year fell to €73.6 million compared to €94.1 million in 2009/10 and its net profit was down to €47.8 million compared to €63 million the previous year.

Earlier this month LDC acquired the poultry company Group Corico.

The company based in Rhône Alpes has a turnover of €34.4 million.

LDC has also formed a strategic alliance with the Spanish company An COOP, which has 1,300 members and a turnover of €554 million.

The company is among the five leading groups in Spain with a turnover of more than €100 million.