France's Savencia Q1 sales dip on comparable basis

Savencia SA

23/04/2026 17:19

Overview

France dairy and cheese producer's Q1 sales declined 0.4% on a comparable basis

Cheese product sales fell 1.4% on a comparable basis, other dairy products rose 0.3%

Sales decline mainly due to unfavorable exchange rates and lower butter, industrial prices

Outlook

Savencia says 2026 outlook remains uncertain and volatile due to geopolitical and economic risks

Company expects rising energy costs and inflation may impact consumption in Europe

Savencia will continue specialty strategy and invest in business complementarity and brand growth

Result Drivers

EXCHANGE RATES - Co said sales were significantly impacted by unfavorable exchange rates, mainly due to the devaluation of the Argentine peso and Asian currencies

CHEESE PRICING PRESSURE - Cheese product sales were affected by negative price effects and milk price variations, despite resilient volumes and international market performance

INDUSTRIAL PRICE DECLINE - Other dairy products were penalised by a sharp decline in industrial product quotations and lower butter prices, though ingredient volumes rose

Company press release: ID:nGNE9W7wgp

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 1.63 bln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the food processing peer group is "buy."

Wall Street's median 12-month price target for Savencia SA is €62.00, about 3.7% below its April 22 closing price of €64.40

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)