LDC SA (LOUP) H2 24/25 earnings summary

Executive summary

• Achieved strong volume recovery (+8.3% year-over-year), surpassing pre-avian influenza levels.

• Revenue exceeded €6.2 billion target, reaching €6,323.4 million, up 2.0% year-over-year.

• Six acquisitions completed, accelerating external growth and supporting international expansion.

• Strategic plan targets for 2026-2027 expected to be met one year ahead of schedule.

Financial highlights

• EBITDA was €512.6 million (8.1% of revenue), down from €550.2 million (8.9%) year-over-year.

• Current operating income was €317.6 million (5.0% margin), compared to €370.3 million (6.0%) prior year.

• Group share of net income was €243.6 million, down from €304.4 million year-over-year.

• Cash flow reached €462.6 million, supporting investments and acquisitions.

Outlook and guidance

• Revenue expected to surpass €7 billion and EBITDA to approach €560 million by end of 2025-2026.

• Additional price increases (6–8% for Poultry, 3–5% for Catered Food) planned to offset rising input costs.

• New strategic plan to 2030 to be presented in May 2026.