French poultry company DUC enjoys a successful 07
French poultry company DUC has announced a turn-around in fortunes in 2007, recording a profit of €4.8 mln compared to a loss of €2.9 mln in 2006.
The integrated poultry company enjoyed a rise in turnover to €167.4 mln in 2007 compared to €103.4 mln the previous year, attributing the success to a rationalisation of its portfolio at the Riec site, a dynamic sales drive and a rise in export volume of 13%, as well as new product development.
“With an operating profit of €4.8 mln, DUC has returned to profitability in 2007,” said a DUC spokesman, adding that the operating margin was 2.9% and has made a jump of 5.7 points compared to last year’s report.
DUC said that the company overcame problems associated with bird flu in 2006 and has focused on its strategic activities, improving production processes and the production chain, which has been key in returning to profitability. Additionally, the company has seen investments rise to €4.2 mln over the last year.
During 2008, DUC said it wants to integrate its new manufacturing activities into the group, and additionally, it would be developing new products, particularly for the halal market.
(French language only)