The Limited Times

Now you can see non-English news...

Avril gives up her Matins eggs and slaughter

2021-04-13T13:22:47.618Z

The heavyweight of oils and proteins is focused on its more profitable plant-related activities. The French may have rushed for eggs and cold meats since the start of the pandemic, the Avril group, known for its Lesieur, Puget or Matines brands, sees its future only in plants. While the group stabilized its turnover in 2020 (-0.6% at constant scope), at 5.76 billion euros, it announced on Tuesday the sale of all its animal processing activities. Namely its eggs sold in supermarkets (Matins) o



The French may have rushed for eggs and cold meats since the start of the pandemic, the Avril group, known for its Lesieur, Puget or Matines brands, sees its future only in plants.

While the group stabilized its turnover in 2020 (-0.6% at constant scope), at 5.76 billion euros, it announced on Tuesday the sale of all its animal processing activities.

Namely its eggs sold in supermarkets (Matins) or to restaurateurs and agri-food professionals (Ovoteam).

But also its slaughtering, cutting and packaging activities of pork (Porcgros and Abera).

Unprofitable, these animal branches account for 8.5% of its turnover but less than 1% of its gross operating surplus of 243 million euros.

Avril has so far been a major player in the egg market, with nearly 2 billion units sold per year.

"But the crisis is a trend accelerator that we had already identified

This article is for subscribers only.

You have 75% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All business articles on 2021-04-13

You may like

Business 2021-04-13T13:22:47.618Z
News/Politics 2020-12-16T07:52:34.967Z

Trends 24h

Business 2021-05-05T23:17:39.533Z
Business 2021-05-06T10:44:02.245Z

Latest

© Communities 2019 - Privacy