BONDUELLE
A French SCA (Limited Partnership by Shares) with a capital of
Head Office: La Woestyne 59173 Renescure,
2023-2024 First Half Year Revenue
(
Growth in business activity in value and on a like-for-like basis* (+4,5%) over the half year despite a limited drop in volumes in a backdrop of sluggish global consumption.
The Bonduelle Group’s revenue for the 1st half year of fiscal year 2023-2024 amounted
Business activity growth for the 2nd quarter boosted compared with the 1st quarter. Currency variations had a negative impact on revenue growth of -6.9%, mainly due to the depreciation of the Russian ruble and, to a lesser extent, the US dollar.
Activity by
Total consolidated revenue (in millions of euros) | 1st half year 2023-2024 | 1st half year 2022-2023 | Variation Reported figures | Variation Like-for-like basis* | 2nd quarter 2023-2024 | 2nd quarter 2022-2023 | Variation Reported figures | Variation Like-for-like basis* |
786.4 | 739.1 | 6.4% | 5.9% | 411.1 | 390.5 | 5.3% | 4.7% | |
426.6 | 504.2 | -15.4% | 2.5% | 233.5 | 281.6 | -17.1% | 4.9% | |
Total | 1,213.1 | 1,243.4 | -2.4% | 4.5% | 644.6 | 672.1 | -4.1% | 4.8% |
Activity by Operating Segments
Total consolidated revenue (in millions of euros) | 1st half year 2023-2024 | 1st half year 2022-2023 | Variation Reported figures | Variation Like-for-like basis* | 2nd quarter 2023-2024 | 2nd quarter 2022-2023 | Variation Reported figures | Variation Like-for-like basis* |
Canned | 594.7 | 597.1 | -0.4% | 10.6% | 343.5 | 357.0 | -3.8% | 9.8% |
Frozen | 148.9 | 138.5 | 7.5% | 9.3% | 82.2 | 76.9 | 6.9% | 9.4% |
Fresh processed | 469.5 | 507.7 | -7.5% | -3.9% | 218.8 | 238.2 | -8.1% | -4.2% |
Total | 1,213.1 | 1,243.4 | -2.4% | 4.5% | 644.6 | 672.1 | -4.1% | 4.8% |
Variations for the 2nd quarter were respectively +5.3% on reported figures and +4.7% on a like-for-like basis*.
The downturn in volumes remains limited in the region despite a significant weakness in food consumption. In canned and frozen retail activity, the private label category grew in both volume and value, while branded products (
The food service activity continued to grow, in both volume and value.
The fresh processed segment (bagged salads) was virtually stable in volume, but grew in value in retail. However, the situation varied from one region to another, with
Fresh prepared segment posted growth over the period, fueled by range renovations.
The activity was clearly penalized by the translation effects of the Russian ruble, which lost an average of 40% of its value between the 1st half of the 2023-2024 fiscal year and the same half of the previous fiscal year.
Changes in the 2nd quarter amounted to -17.1% on reported figures and +4.9% on a like-for-like basis*.
In the Eurasia region, the canned activity remained sustained in terms of volume and value, for both branded products (which are largely predominant in the region) and private label category. The frozen activity recovered significantly over the last quarter and now shows sustained growth in volume and value over the period as a whole.
In
Other significant information
Annual Shareholder’s Meeting held on
Outlook
* at constant currency exchange rate and scope of consolidation basis. The revenues in foreign currency over the given period are translated into the rate of exchange for the comparable period. The impact of business acquisitions (or gain of control) and divestments is restated as follows
- For businesses acquired (or gain of control) during the current period, revenue generated since the acquisition date is excluded from the organic growth calculation;
- For businesses acquired (or gain of control) during the prior fiscal year, revenue generated during the current period up until the first anniversary date of the acquisition is excluded;
- For businesses divested (or loss of control) during the prior fiscal year, revenue generated in the comparative period of the prior fiscal year until the divestment date is excluded;
- For businesses divested (or loss of control) during the current fiscal year, revenue generated in the period commencing 12 months before the divestment date up to the end of the comparative period of the prior fiscal year is excluded.
Alternative performance indicators: the group presents in its financial notices performance indicators not defined by accounting standards. The main performance indicators are detailed in the financial reports available on www.bonduelle.com
Next financial events:
- 2023-2024 1st Half Year Results:
- Analysts and investors meeting:
- 2023-2024 3rd Quarter Revenue:
About the
We want to inspire the transition toward a plant-rich diet, to contribute to people’s well-being and planet health. We are a French family business with 11,038 full-time equivalent employees and we have been innovating with our farming partners since 1853. Our products are cultivated on 68,316 hectares and sold in nearly 100 countries, for revenue of
Our 4 flagship brands are:
Euronext indices: CAC MID & SMALL – CAC FOOD PRODUCERS –
Code ISIN: FR0000063935 - Code Reuters: BOND.PA - Code Bloomberg: BON FP
This document is a free translation into English and has no other value than an informative one. Should there be any difference between the French and the English version, only the French-language version shall be deemed authentic and considered as expressing the exact information published by
Attachment
- 2023-2024 First Half Year Revenue
© OMX, source