LDC Targets Over €7.7 Billion in Revenue by 2026-2027 Following a Record Fiscal Year, Dividend Increased to €2.25
On May 27, 2026, LDC published its 2025-2026 results, showcasing top-tier strategic execution: a 15.2% increase in revenue to €7,283.2 million, surpassing the initial five-year target set for 2026-2027, and enhanced profitability across all sectors. This success is built on three pillars: robust poultry consumption in Europe, successful integration of four acquisitions (Indykpol, Calibra, Konspol, ECF), and the impact of implemented price revaluations. However, the group approaches the new year with heightened vigilance towards geopolitical challenges and commits to a trajectory of massive investments to reach €10 billion by 2030-2031. The challenge is to integrate the latest acquisitions while continuing to develop dedicated industrial capacities for everyday chicken and processed products.
Confirmed Progress: €7.3 Billion in Revenue and EBITDA Exceeding Targets
Consolidated revenue reached €7,283.2 million, up 15.2% from €6,323.4 million in 2024-2025. With identical scope and constant exchange rates, the growth stands at 7.5%, indicating controlled organic growth despite significant contributions from acquisitions. All three sectors show positive trajectories. The French Poultry sector recorded €4,725.2 million, up 7.3%, with a 6.3% increase excluding acquisitions. Internationally, revenue reached €1,396.3 million, up 47.2% in value and 25% in volume; at constant scope and exchange rates, increases are +19.8% in value and +5.5% in volume. EBITDA solidifies this picture: it reached €719.7 million, representing 9.9% of revenue, surpassing the five-year plan's target of €560 million expected in 2026-2027. Operating income grew by 34.5% to €427.0 million, yielding a 5.9% sales margin.
Increased Profitability Across All Sectors, Strong Cash Position but Financial Results Decline
The decline in financial results (€8.3 million compared to €20.8 million) reflects a decrease in interest generated by cash investments, indicative of a lower interest rate environment. The net income attributable to the group reached €321.5 million, up 32.0% despite this effect. The balance sheet remains robust. Equity increased to €2,603.6 million from €2,303.1 million, and net cash stood at €178.7 million (compared to €283.4 million a year earlier), reflecting the financial absorption of the last two acquisitions announced (Groupe Pierre Martinet and Green Label). Cash flow from operations jumped 33.7% to €618.6 million, while excluding the impact of acquisitions, operational free cash flow reached €277.5 million compared to €131.2 million; after accounting for the latest transactions, it stands at -€27.8 million. These flows support a dividend increase to €2.25 per share from €1.55 previously, with a distribution rate of 24%.
Massive Investments and New 2030-2031 Plan: Targeting €10 Billion
LDC announces an investment budget increased to €417 million in 2026-2027 from €347 million in 2025-2026, reflecting a deliberate strategy to modernize industrial capacities and ensure security. This trajectory is part of an ambitious new strategic plan for 2030-2031: aiming for a revenue of €10 billion and an operating income of €550 million. Each sector has a detailed roadmap. The Upstream sector (Livestock, Eggs) targets €800 million in consolidated revenue, with €500 million in the Eggs activities. French Poultry aims for €5 billion (growth > 20% over 5 years), International aims to double sales to €3 billion, and the Catering sector targets €1.5 billion. For the current fiscal year 2026-2027, the group is confident in achieving a revenue exceeding €7.7 billion and an operating margin above 5.5%. An additional €60 million will be allocated to support the poultry industry (notably farmers), bringing the total commitment to €150 million.
