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The Louis-Dreyfus Company reported results for fiscal 2019 ending December 31st. For the year, the company posted net income of $228 million on net sales of $33.64 billion. Comparative figures for fiscal 2018 were a net income of $366 million on revenue of $36.01 billion. Gross margin for FY 2019 was 2.8 percent compared to 3.7 percent in the previous year. The company has $19.54 billion in total assets with long term debt of $3.27 billion.
The results posted by Louis-Dreyfus can be regarded as typical of the major commodity production and trading enterprises collectively referred to as “ABCD”.
Margarita Louis-Dreyfus commented on global volatility, political unpredictability, changing consumer trends and environmental issues as factors challenging operations and profitability.
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Margarita Louis-Dreyfus. Chairperson |
Ian McIntosh, the CEO noted that strategy for 2020 will include more intense trading and vertical integration especially with regard to coffee. The company intends diversifying revenue through value-added products and introducing innovation and technology.