SAVENCIA: management transactions · France · AMF

About SAVENCIA

SAVENCIA (ISIN: FR0000120107, ticker: SAVE) is a French, family-controlled and independent food group specialized in milk processing, with a strong focus on cheese and dairy specialties. The company’s development has been built around a specialty strategy and a portfolio of well-established brands, supported by an industrial footprint and commercial reach that now span more than 120 countries. In 2024, Savencia Fromage & Dairy described itself as the world’s 5th largest cheese company and one of the leading global dairy groups. The group’s business model is centered on two core channels. First, retail, where it sells branded cheeses and dairy products through supermarkets and grocery chains. Second, foodservice, where it supplies butter, cream, cheese-based products and other dairy solutions to restaurants and professional customers. SAVENCIA also operates in dairy ingredients, nutrition, and industrial applications, including uses for food manufacturers, infant nutrition and some pharmaceutical-related markets. This diversification helps reduce reliance on a single end market while reinforcing the company’s position in higher-value specialty categories. SAVENCIA’s market position is especially strong in specialty cheese. Its brand portfolio includes Caprice des Dieux, Saint Agur, St Môret, Tartare, Saint Albray, Le Rustique and Elle & Vire, among others, alongside regional cheeses and international brands sold in different geographies. The group’s strategy is based on combining local know-how, strong brand equity and an international distribution network. This allows it to address both mass-market consumption and premium, differentiated segments. Financially, 2024 was a solid year for the business. Savencia Fromage & Dairy reported €7.1 billion in net sales, 3.1% organic growth, and current operating income of €232.3 million. The group also reported €115 million of free cash flow, highlighting its ability to convert earnings into cash in a still-fragile consumer environment. These figures illustrate the resilience of its specialty model and the strength of its brands. Geographically, SAVENCIA has a broad international presence, with operations and brand development across Europe, the Americas, and Asia. Its footprint includes strong positions in France and several key foreign markets, supported by both organic growth and selective acquisitions, such as the integration of Williner in Argentina announced in 2023. This international reach gives the group exposure to multiple consumption trends and currencies, while its family ownership underpins strategic continuity. Beyond its commercial profile, SAVENCIA emphasizes responsible growth, sustainability, and support for dairy farmers and employees. The company highlights initiatives related to packaging recyclability, emissions reduction, water use, and animal welfare, reflecting a broader ESG-oriented approach that is increasingly relevant for long-term investors.