LDC shares rise after 'solid' H1 results

Societe Ldc SA

25/11/2021 08:29

** Shares in Societe LDC  LOUP.PA  climb around 3% after the
French food processing company reported on Wednesday a rise in
its H1 net result  
    ** The group's net profit for H1 came in at 80.1 million
euros ($89.86 mln) vs 66.6 million euros a year ago, while
revenue and current operating result were also up, 12.9% and
14.9%, respectively  urn:newsml:reuters.com:*:nFWN2SF0UB
    ** The company also announced "necessary" new price
increases of around 9% to offset inflation, adding that
attaining operating profit levels of around 200 million euros
would depend on the outcome of customer negotiations and
end-of-year festivities
    ** Portzamparc ("buy") says LDC's half-year results are
"solid", adding it is "confident" in the company's capacity to
at least maintain its guidance
    ** Midcap Partners ("buy") says the stock's valuation is
"more-than-attractive" given the company's "resilience"
    ** Shares in LDC are on track for a best day since September
    
    


($1 = 0.8913 euros)

 (Reporting by Olivier Sorgho in Gdansk)
 ((olivier.sorgho@tr.com))