{"id":5378,"date":"2015-03-26T16:54:00","date_gmt":"2015-03-26T14:54:00","guid":{"rendered":"https:\/\/www.ldc.com\/br\/press-releases\/louis-dreyfus-commodities-reports-2014-financial-results\/"},"modified":"2023-05-11T12:04:15","modified_gmt":"2023-05-11T10:04:15","slug":"louis-dreyfus-commodities-reports-2014-financial-results","status":"publish","type":"press-release","link":"https:\/\/www.ldc.com\/br\/en\/press-releases\/louis-dreyfus-commodities-reports-2014-financial-results\/","title":{"rendered":"Louis Dreyfus Commodities Reports 2014 Financial Results"},"content":{"rendered":"\n

ROTTERDAM, THE NETHERLANDS,<\/strong> 26 March 2015 \u2013 Louis Dreyfus Commodities B.V. today reported consolidated net sales of US$64.7 billion in the fiscal year ended 31 December 2014, up 2% from US$63.6 billion in 2013, and supported by a 4% growth in shipped volumes. The company also reported strong consolidated income before tax of US$837 million, up 10% year-on-year, and consolidated Net Income, Group Share, of US$648 million, delivering an excellent Return On Equity (ROE) of 14%.<\/p>\n\n\n\n

\u201cLouis Dreyfus Commodities is in a very good, well-performing position that enables us to stay focused on our core expertise of securing supplies of food in a changing world, now and in the future,\u201d commented Margarita Louis-Dreyfus, Chairperson of Louis Dreyfus Holding.<\/p>\n\n\n\n

\u201cThese results prove that our business model and strategy, combining processing and logistics operations with merchandizing expertise, is a great recipe for success,\u201d commented Serge Schoen, Executive Chairman of the Louis Dreyfus Commodities Holdings Group.<\/p>\n\n\n\n

2014 was marked by an abundant supply, fuelling already high inventory levels for most of the Group\u2019s commodities. This supply-side growth outstripped increase in demand in many commodities, driving price and volatility to low levels.<\/p>\n\n\n\n

\u201cThe new increase in our sales volumes to 80 million tons shipped to destination, as well as our investments of close to US$600 million, are a testimony to Louis Dreyfus Commodities\u2019 approach as a long-term partner and investor, and a positive force for sustainable development in local economies and communities, wherever we operate,\u201d said Claude Ehlinger, Deputy Chief Executive Officer and Chief Financial Officer (acting CEO) of Louis Dreyfus Commodities.<\/p>\n\n\n\n

For platforms in the Value Chain segment, plentiful crops fueled excellent throughputs at Louis Dreyfus Commodities\u2019 industrial and logistics assets. Platforms in the Merchandizing segment also delivered a solid performance, relying on their sound market knowledge and the Group\u2019s geographical reach.<\/p>\n\n\n\n

Overall, this year\u2019s investments have been geared towards a more dynamic, granular approach, focused primarily on logistics.<\/p>\n\n\n\n

The Group also pursued its strategy to secure constant access to liquidity, with the refinancing, one year ahead of maturity, of 3 syndicated Revolving Credit Facilities for a total amount of US$2.1 billion, all at cost-efficient pricing.<\/p>\n\n\n\n

2014 Financial Highlights<\/p>\n\n\n\n