COMMISSION DECISION
of 13 July 2009
on rescue aid for the company ‘Les Volailles du Périgord’ and its transformation into restructuring aid (C 31/08 (ex N 681/06))
(notified under document C(2009) 5494)
(Only the French text is authentic)
(2010/55/EC)
I.
PROCEDURE
II.
DESCRIPTION
(3)
III.
COMMENTS BY THIRD PARTIES
IV.
COMMENTS BY FRANCE
(EUR) |
|||
Costs |
Financing |
||
Investments |
4 145 150 |
Leasing |
3 265 150 |
Lay-offs |
170 000 |
Restructuring aid |
1 000 000 |
Restructuring of the company |
850 000 |
Capital from shareholders |
900 000 |
Total |
5 165 150 |
Total |
5 165 150 |
|
2006/07 |
2007/08 |
2008/09 |
2009/10 |
Development |
Turnover (in 1 000 EUR) |
|||||
Supermarkets |
19 137 |
19 680 |
20 250 |
21 736 |
14 % |
Hard Discount |
13 839 |
12 462 |
7 775 |
5 959 |
–57 % |
Traditional butcheries |
5 927 |
7 064 |
5 152 |
5 357 |
–10 % |
Specialised rotisseries/out-of-home dining |
4 328 |
5 526 |
6 616 |
6 828 |
58 % |
Total |
43 231 |
44 732 |
39 793 |
39 880 |
–8 % |
Volume (tonnes of finished products) |
|||||
Supermarkets |
5 687 |
5 289 |
5 329 |
5 720 |
1 % |
%/total |
39 % |
42 % |
47 % |
51 % |
|
Hard Discount |
4 384 |
3 748 |
2 281 |
1 752 |
–60 % |
%/total |
30 % |
30 % |
20 % |
15 % |
|
Traditional butcheries |
2 968 |
1 653 |
1 610 |
1 633 |
–45 % |
%/total |
20 % |
13 % |
14 % |
14 % |
|
Specialised rotisseries/out-of-home dining |
1 679 |
1 929 |
2 198 |
2 202 |
31 % |
%/total |
11 % |
15 % |
19 % |
19 % |
|
Total |
14 718 |
12 619 |
11 418 |
11 307 |
–23 % |
Average price (EUR/kg) |
2,94 |
3,54 |
3,49 |
3,53 |
|
(in 1000 EUR) |
||||
|
2006/07 |
2007/08 |
2008/09 |
2009/10 |
Turnover |
43 231 |
44 732 |
39 793 |
39 880 |
Sales margin |
11 525 |
12 390 |
10 872 |
10 223 |
Added value |
6 931 |
7 774 |
7 868 |
7 318 |
Operating profit |
– 465 |
445 |
1 115 |
828 |
Net operating income |
– 570 |
326 |
974 |
553 |
Accounting result |
–57 |
525 |
823 |
675 |
Self-financing capacity |
ns |
1 001 |
1 204 |
1 233 |
Working capital |
–4 376 |
–3 660 |
–1 895 |
–1 013 |
Shareholders’ equity |
–3 071 |
–2 466 |
238 |
791 |
Long- and medium-term liabilities |
871 |
603 |
3 408 |
3 057 |
Liquidity |
– 844 |
–1 295 |
428 |
785 |
Repayment ability(7) |
ns |
0,60 |
2,83 |
2,48 |