Societe LDC SA is a France-based holding company engaged in food processing. The Group provides poultry products, as well as a range of delicatessen food. It has four business lines: Upstream division, which is responsible for branch management; Poultry division, engaged in the poultry, pig and cattle farming, as well as egg production and others; The Delicatessen division, offering ready-to-eat meals and snacks like pizzas, sandwiches, tarts and desserts and International division which focuses on international development with countries specific strategies. It markets its products under various brands, including Le Gaulois, Loue and Traditions d'Asie.
  • TickerLOUP
  • ISINFR0013204336
  • ExchangeEuronext Paris
  • SectorFood Producers
  • CountryFrance

Analysts

Baptiste Lebacq ...
  • Fatma Agnès Hamdani
  • Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 05/23/2019

...

Baptiste Lebacq ...
  • Fatma Agnès Hamdani
  • Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 23/05/2019

...

Fatma Agnès Hamdani

LDC : Solid FY 2018-18 results. Good performance from the delicatessen business. Cautious target for growth in underlying OP in FY 2019-20 of 5%.

>FY 2018-19 underlying operating profit in line at € 190m (+2.9%). Net profit ahead of forecasts, supported by the fall in the tax charge - Based on full-year sales of € 4,123m (+7.7% reported and +3.4% organic), LDC yesterday evening reported underlying EBIT of € 190.1m, close to forecasts (consensus € 189m and ODDO BHF € 192.2m est.). The EBIT margin was down 20bp to 4.6%. The 30bp improvement in the gross margin to 49.6% did not offset inflation in other costs (pac...

Fatma Agnès Hamdani

LDC : Résultats 2018/19 solides. Bonne performance du Traiteur. Objectif prudent de croissance du ROC 2019/20 de 5%

>ROC 2018/19 en ligne de 190 M€ (+2.9%). Résultat net supérieur aux attentes, soutenu par la baisse de l’impôt - Sur la base d’un CA annuel de 4 123 M€ (+7.7% en publié et +3.4% en organique) LDC a publié hier soir un EBIT courant de 190.1 M€ proche des attentes (cons. 189 M€ et 192.2 M€e). La marge d’EBIT est en retrait de 20 pb à 4.6%, l’amélioration de marge brute de 30 pb à 49.6% n’a pas compensé l’inflation des autres coûts, (emballages, logistiques et énergie) e...

Aurelien Sivignon ...
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 04/05/2019

...

Fatma Agnès Hamdani

LDC : Solid FY 2018-18 results. Good performance from the delicatessen business. Cautious target for growth in underlying OP in FY 2019-20 of 5%.

>FY 2018-19 underlying operating profit in line at € 190m (+2.9%). Net profit ahead of forecasts, supported by the fall in the tax charge - Based on full-year sales of € 4,123m (+7.7% reported and +3.4% organic), LDC yesterday evening reported underlying EBIT of € 190.1m, close to forecasts (consensus € 189m and ODDO BHF € 192.2m est.). The EBIT margin was down 20bp to 4.6%. The 30bp improvement in the gross margin to 49.6% did not offset inflation in other costs (pac...

Fatma Agnès Hamdani

LDC : Résultats 2018/19 solides. Bonne performance du Traiteur. Objectif prudent de croissance du ROC 2019/20 de 5%

>ROC 2018/19 en ligne de 190 M€ (+2.9%). Résultat net supérieur aux attentes, soutenu par la baisse de l’impôt - Sur la base d’un CA annuel de 4 123 M€ (+7.7% en publié et +3.4% en organique) LDC a publié hier soir un EBIT courant de 190.1 M€ proche des attentes (cons. 189 M€ et 192.2 M€e). La marge d’EBIT est en retrait de 20 pb à 4.6%, l’amélioration de marge brute de 30 pb à 49.6% n’a pas compensé l’inflation des autres coûts, (emballages, logistiques et énergie) e...

Fatma Agnès Hamdani

LDC : Q4 2018-19 sales slightly ahead of expectations. Underlying operating profit guidance raised to a slight increase vs a slight contraction

>Solid organic growth of 4.7% vs 3.2% estimated - Yesterday evening, LDC reported Q4 sales 2% higher than forecast. Sales were up 11.8% to € 1,142.8m (vs € 1,122.3m and consensus estimate of € 1,117m). Organic growth came in at 4.7% vs our estimate of 3.2%, reflecting improved momentum in the poultry business in France, particularly upstream, and the international business. By division, the sales trends in Q4 are as follows: France poultry (77% of sales and ...

Florent Thy-tine

LDC - Turnover 2018/19 (+) Positive outlook for profitability.

LDC - Turnover 2018/19 (+) Positive outlook for profitability.

Florent Thy-tine

LDC - CA 2018/19 (+) Des perspectives de rentabilité revues à la hausse.

LDC - CA 2018/19 (+) Des perspectives de rentabilité revues à la hausse.

Baptiste Lebacq ...
  • Fatma Agnès Hamdani
  • Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 05/23/2019

...

Baptiste Lebacq ...
  • Fatma Agnès Hamdani
  • Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 23/05/2019

...

Aurelien Sivignon ...
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 04/05/2019

...

Aurelien Sivignon ...
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 05/04/2019

...

Alain William ...
  • Anis Zgaya
  • Aurelien Sivignon
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Hana Maalej
  • Jean-François Granjon
  • Jeremy Garnier
  • Khaled Ben Amor
  • Nicolas Thorez

ODDO BHF Small & MIDCAP MORNING NEWS - 03/27/2019

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With a more favourable environment, LDC improves to Positive

LDC (FR), a company active in the Food Products industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date February 5, 2019, the closing price was EUR 116.00 and its potential was estimated at EUR 124.43.

Charles Pinel

LDC SA - Proxy report - 23/08/2018

Le conseil de surveillance ne comporte que deux membres libres de conflits d'intérêts selon les critères de Proxinvest. Dans ces conditions, les renouvellements des mandats de la société CAFEL et de Jean-Paul Sabet ne seront pas soutenus, d'autant que la durée de six ans de leurs mandats est trop longue pour permettre aux actionnaires de se prononcer régulièrement sur la composition du conseil (résolutions 6 et 7). Les rémunérations des dirigeants apparentés aux principaux actionnaires sont acceptables malgré une transparence insuffisante et l'absence de part à long-terme. En effet, les monta...

Matthieu DRIOL

Short term view - LDC : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €110.00, then €105.10. Passing €131.90 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - LDC : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 110,00 €, puis 105,10 €. Le franchissement de 131,90 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Analyse court terme - LDC : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 110,00 €. La tendance de fond serait remise en cause en cas de franchissement de 131,90 €.

Matthieu DRIOL

Short term view - LDC : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €110.00. The background trend would be questioned should prices rise above €131.90.

Matthieu DRIOL

Medium term view - LDC : The trend is uncertain.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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