LDC Group reports 15% revenue growth to US$8.5B in FY2026
LDC Group posts strong FY2026 revenue growth driven by poultry demand, pricing gains, and acquisitions, with EBITDA expected to exceed targets.
FRANCE – LDC Group has reported a 15% increase in revenue to €7.28 billion (US$8.51 billion) for the financial year ending February 2026, driven by strong poultry consumption, higher prices, and contributions from recent acquisitions.
The France-based poultry producer said the performance exceeded its earlier projection of reaching €7 billion in revenue during the 2026–27 financial year.
The company also indicated that its EBITDA target of more than €560 million for 2025–26 is expected to be “significantly exceeded.”
In the fourth quarter, LDC recorded revenue of €1.98 billion (US$2.31 billion), representing a 12.5% increase compared to the same period last year.
The group attributed this growth to “persistently high poultry consumption, combined with price increases, strong year-end festive trading and the contribution from acquisitions.”
On a like-for-like basis, fourth-quarter sales rose 9.2%, supported by a 6.5% increase in volumes.
LDC has continued to expand through acquisitions. Its most recent agreement involves the purchase of France Poultry, the export business of Saudi Arabia’s Almunajem Group. In December, the company also acquired a majority stake in UK-based duck producer Gressingham Foods.
France Poultry, LDC’s largest division, generated €1.22 billion in fourth-quarter revenue, including upstream operations, marking a 6.7% increase. Full-year sales from the division rose 7.3%.
Excluding upstream activities, quarterly poultry sales increased 5.2%, supported by favorable pricing as part of its poultry sector development plan.
The plan aims to “preserve the attractiveness” of the French poultry supply chain, from breeders and hatcheries to feed mills and farms, amid rising demand for poultry and locally sourced products.
Outside France, fourth-quarter revenue rose 24.4% to €431.7 million, or 23.4% at constant exchange rates. Full-year international sales surged 47.2% to €1.40 billion, driven by price increases and the integration of acquisitions such as Indykpol, Calibra, Konspol, and ECF.
The prepared foods division posted fourth-quarter revenue of €324.1 million, up 22%, benefiting from the integration of Groupe Pierre Martinet. Full-year sales in the segment increased 19.7% to €1.16 billion.
LDC CEO Philippe Gelin attributed the company’s performance in part to its decentralized operating model. “In each country, our strategy is to breed, produce, slaughter, and process locally to match the demands of the local market,” he said.
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