Louis Dreyfus Company B.V. (LDC) announced its financial results for the first half of 2024, showing resilience despite ongoing geopolitical, macroeconomic, and environmental challenges. For the six-month period ending June 30, 2024, the agribusiness giant reported net sales of $25.6 billion, segment operating results of $1.28 billion, and EBITDA of $1.06 billion. LDC’s capital expenditure also rose 30% year-over-year as the company continued to invest in expanding its business portfolio and geographic presence.
“In a global trade environment marked by logistics challenges from geopolitical crises and fluctuating demand, LDC grew its volumes shipped by 19.4% year on year,” said CEO Michael Gelchie. “Despite market pressures, our diverse business activities allowed us to deliver strong results in the first half of 2024.”
Key highlights of LDC’s performance include:
- Net sales of $25.6 billion, slightly lower than the $25.8 billion in the same period of 2023.
- EBITDA of $1.06 billion, compared to $1.17 billion in 2023.
- Net income of $489 million, down from $568 million in the first half of 2023.
- A 30% year-on-year increase in capital expenditure, totaling $299 million.
LDC continues to diversify, with key projects such as expanding crushing capacity in North America and launching new product lines, including bottled juices and edible oils in international markets. The company also advanced sustainability efforts by promoting regenerative agriculture and decarbonization initiatives, such as camelina cultivation in Latin America for renewable fuel and animal feed.
With these strong results, Gelchie expressed confidence in LDC’s trajectory, emphasizing the company’s commitment to creating sustainable value across food and agriculture supply chains.
For more details, LDC’s full 2024 Interim Financial Report is available at www.ldc.com.
