Create a free Feed & Grain account to continue reading

LDC Group reports double-digit annual revenue increase

For France’s leading poultry company, sales over the last financial year were boosted by positive price developments in its home market, and the contribution of several recent acquisitions for its International and Catering divisions.

Ldc Linked In
LDC | LinkedIn

For the last full financial year just ended, LDC Group reports total revenue of just over EUR7.28 billion (US$8.51 billion).

This represents an increase of 15% for the 12 months to February of 2026 compared with the previous year, or 7.6% on a like-for-like basis.

Total volume of sales is up by 11% year-on-year, which equates to an increase of 1.3% for continuing operations.

Strong operational results by the group for 2025-2026 were attributed to positive developments in poultry consumption and prices, strong performance during the festive season, and the contribution of recent acquisitions. Furthermore, the company reports that its international business performed better than expected in the latter part of the fiscal year. Together, these factors drove revenue well beyond the company’s target of EUR7 billion. As a result, LDC expects its EBITDA target of EUR560 million also to be surpassed.

LDC’s operations are divided into three divisions: France Poultry, International, and Catering. In 2025-2026, these accounted for 65%, 19%, and 16%, respectively, of group revenue. Compared with the previous year, the contribution by France Poultry slipped by five percentage points, while International gained four points. 

Favorable price development for Poultry France

At close to EUR1.98 billion, this division of LDC Group generated a year-on-year increase in fourth quarter revenue of close to 13%.

This was a positive consequence of a sustained but voluntary plan to support the French poultry sector, and particularly the upstream part of the value chain, such as breeding, hatching, broiler growing, and feed manufacturing, the company says. LDC is supporting this policy to meet the growing demand for poultry products in France from domestic sources.

For the full year 2025-2026 year, this business generated close to EUR4.73 billion in revenue, a 7.3% increase compared with the previous 12 months. Excluding a recent acquisition, the increase in sales was reported to be 6.3% on a like-for-like basis. That acquisition — of Société Routhiau — was consolidated into the Group on January 1, 2025.

Poultry France’s year-on-year sales increase for the fourth quarter was up 6.7% at EUR1.22 billion when upstream operations are included. LDC reports that sales of eggs and egg products performed well. 

Acquisitions drive sales by International division

This business generated turnover of EUR432 million during the fourth quarter, representing a year-on-year increase of 24%, while sales volume was up 5.3%.

Price developments were generally favorable for LDC, but the company highlights particularly non-chicken sales, such as goose, turkey, and duck products. Sales were also boosted by the European Food Convenience (ECF) business of Germany, which was acquired by LDC at the end of 2024.

At EUR1.40 billion for 2025-2026, revenue for these operations was up 47% in value and 25% in volume.

These increases were driven by a number of international acquisitions that were integrated into the Group in the latter half of 2024, including Indykpol, Calibra, and Konspol, as well as ECF.

On a like-for-like basis, the year-on-year increases were 21% in value and 5.5% in volume.

The group notes that the contribution of the Green Label business is not included in its International results. This is because the acquisition, which was announced in December of 2025, is yet to be approved by the United Kingdom’s competition authority. Green Label is a producer and supplier of duck and other poultry specialties under the Gressingham brand. 

Pierre Martinet boosts Catering division sales

In the last quarter of the 2025-2026 fiscal year, this business contributed EUR324 million to LDC Group’s overall sales — 22% more than in the comparable period.

Largely as a result of the integration of the Pierre Martinet Group, sales volume rose by 34%. A leader in the French salad market, this recent acquisition added EUR44 million to the group’s sales for this period.

At EUR1.16 billion, 12-month sales for these operations were up 20% compared with 2024-2025, while sales volume increased by 34%. On a like-for-like basis, revenue was up by just 0.6%, while sales volume slipped by just over 2%. 

More on LDC Group

Annual production of 438 million birds puts LDC fifth in the rankings of the largest poultry meat companies in Europe, according to the WATT Poultry Top Poultry Companies database for 2024.

Based in France, LDC Group products include chickens, ducks, geese, turkeys, and table eggs, the same source reports.

LDC’s four founding families — Lambert, Chancereul, Huttepain, and Guillet — hold just over 69% of the group’s shares.

The firm’s growth over recent years has been driven by a number of acquisitions, so that it now also has operations in Poland, Germany, Belgium, the United Kingdom, Hungary, and Romania.

LDC’s CEO Philippe Gelin has recently addressed the ongoing success of the company. This he attributes — at least, in part — to the decentralized management of its operations.

In each country, he said, LDC’s strategy is to breed, produce, slaughter, and process locally to match the demands of the local market.

Page 1 of 502
Next Page