La Doria (LD)

Business description

La Doria is the leading manufacturer of private-label preserved vegetables and fruit for the Italian (20% revenues) and international (80% revenues) market. It enjoys leading market share positions across its product ranges in the UK and Italy.

Stock data

Market cap.€379.4m
Last close€12.24
High / Low (52 weeks)€17.5 / €10.0
Stock market listingMI
Forecast net debt (€m)119.8
Forecast gearing ratio (%)46
TeamConsumer
SectorFood & Drink

Price performance

%1m3m12m
Actual(6.7)(24.6)14.1
Relative *(12.7)(24.4)(4.9)

* % Relative to local index

Other companies in sector Show

Company news

Should You Expect La Doria SpA (BIT:LD) To Continue Delivering An ROE Of 13.40%?

Sat, 14 Apr 2018 11:48:45 GMT

Why La Doria SpA (BIT:LD) Could Be A Buy

Sat, 07 Apr 2018 09:22:30 GMT

La Doria SpA (BIT:LD): Does The Earnings Decline Make It An Underperformer?

Mon, 12 Mar 2018 08:37:30 GMT

Australia slaps anti-dumping duties on canned Italian tomatoes

Thu, 11 Feb 2016 09:00:00 GMT

Earning a -0.083210 FCF Score, Is La Doria SpA (BIT:LD) Signals Pointing to a Buy?

Tue, 24 Apr 2018 09:11:15 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2016A 653.1 56.3 37.3 108.8 11.3 5.8
2017A 669.1 60.1 39.7 98.1 12.5 9.5
2018E 689.2 59.2 42.2 99.3 12.3 7.3
2019E 709.8 64.5 45.5 107.1 11.4 8.1

Last updated on 03/04/2018

Latest research

Investing for the future

Update | Food & Drink | 03/04/2018

Recovery coming through

Update | Food & Drink | 20/11/2017

A good summer

Update | Food & Drink | 27/09/2017

As expected

Outlook | Food & Drink | 07/06/2017

Recovery expected from H2

Update | Food & Drink | 20/03/2017

A tough environment

Update | Food & Drink | 21/11/2016

A challenging environment

Update | Food & Drink | 05/10/2016

Weathering the storm

Outlook | Food & Drink | 31/05/2016

Another strong year

Update | Food & Drink | 02/03/2016

Another strong quarter

Update | Food & Drink | 20/11/2015

Acquisition bearing fruit

Update | Food & Drink | 22/09/2015

A winning combination

Outlook | Food & Drink | 29/05/2015

Investment summary

La Doria's overarching objective is to reduce the volatility of the business and improve visibility. The UK is La Doria's biggest market by some margin (c 50% of sales) and sterling weakness has affected results. The updated business plan includes an industrial plan which entails significant investment in the business over the next three years in order to boost capacity in the higher margin products, and also structurally reduce costs in the longer term.

Last updated on 06/04/2018

Industry outlook

La Doria's strategic objectives, published as part of its three-year plan, are broadly unchanged: the main priority is to expand the higher margin and less volatile parts of the business to reduce the dependence on the more unpredictable ‘red line’. The economic backdrop is easing somewhat, sterling weakness is not helpful, but the 2017 tomato campaign and vegetable harvests were benign, as expected.

Last updated on 06/04/2018

Key management

Antonio Ferraioli, CEO
Alberto Festa, CFO
Patrizia Lepere, IR Manager

Company address

Via Nazionale
320 ANGRI
84012
Italy
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