LDC has reported a 35% increase in net income (group share) to 304.4 million euros for its 2023-24 fiscal year, as well as a 0.9 point improvement in current operating margin to 6%, helped by "exceptional business conditions".

Annual sales for the agri-food group specializing in poultry rose by 6% to 6.2 billion euros, with sales volumes up again at the end of the year (+6% in the fourth accounting quarter).

At the AGM on August 22, the Management Board will propose payment of a dividend of 3.60 euros per share (compared with 2.70 euros paid in respect of the previous year), corresponding to a payout ratio of 20.5%, as well as a two-for-one stock split.

For the 2024-25 financial year, LDC has set itself a sales target of 6.5 billion euros, and confirms its intention to maintain a normative current operating margin of around 5%, including the continuation of the necessary promotional efforts.

Copyright (c) 2024 CercleFinance.com. All rights reserved.