A French SCA (Partnership Limited by Shares) with a capital of 57 102 699,50 Euros
Head Office: La Woestyne 59173 Renescure,
Registered under number: 447 250 044 (Dunkerque Commercial and
First Quarter FY 2021-2022 Revenue
(
Quarterly business performance in line with objectives
- Stable revenue in line with expectations for the first quarter of this financial year
- Business activity returning to normal in retail and gradually recovering in the out-of-home channel
- Annual guidance confirmed in a sharp inflationary context and an uncertain health climate
This decline in activity, as expected, reflects the residual shortfall in products linked to poor crops in summer 2020, a recovery in out-of-home business activities coupled with a normalization of the volumes sold in retail.
Activity by
Total consolidated revenue (in € million) | From | From | Variation Reported figures | Variation Like for like basis* |
320.5 | 315.- | 1.7% | 1.8% | |
352.1 | 365.5 | -3.7% | -2.5% | |
Total | 672.5 | 680.5 | -1.2% | -0.5% |
Activity by Operating Segments
Total consolidated revenue (in € million) | From | From | Variation Reported figures | Variation Like for like basis* |
Canned | 256.3 | 256.3 | 0.-% | 0.-% |
Frozen | 159.8 | 152.4 | 4.9% | 4.9% |
Fresh processed | 256.4 | 271.9 | -5.7% | -3.9% |
Total | 672.5 | 680.5 | -1.2% | -0.5% |
Growth in this area was mainly driven by the confirmed recovery of the out-of-home business at the end of the previous financial year, which, in terms of technology, led to a recovery in the fresh food operating segment and significant growth in the frozen one.
In retail, the limited activity observed in the canned operating segment, with the noticeable exception of the sustained vigorous growth of the Cassegrain brand, and in the frozen operating segment is the result of product shortages related to the poor crops of the summer of 2020, which had a negligible impact on the first financial months of the 2021-2022, and of consumer demand that is in the process of returning to normal.
The ready-to-eat fresh segment is experiencing a sustained recovery in the salad category, particularly for the Bonduelle brand, whereas the delicatessen business activity was penalized by a gloomy summer in
The revenue of the non-
In
In the Eurasia area, despite the persistent difficult economic environment, the performance of
Other significant information
Annual General Meeting
The SCA Bonduelle's shareholders are invited to attend the Annual General Meeting scheduled for
In line with its strategy of sustainable growth with positive impact, the
Outlooks
Summer 2021 crop campaigns suffered once again from severe weather conditions (below normal temperatures in
Additionally, the expected and observed high level of cost inflation imply the necessity to re-evaluate the marketing prices, which, together with the expected return to normal of the health situation, are conditions for achieving the annual growth and profitability objectives; the latter being confirmed at this stage.
* 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 event:
- Annual General Meeting:
- 2021-2022 1st Half Year Revenue:
- 2021-2022 1st Half Year Results:
About the
We want to inspire the transition toward a plant-based diet, to contribute to people’s well-being and planet health. We are a French family business with 14,700 employees and we have been innovating with our farming partners since 1853. Our products are cultivated on 124,000 acres and marketed in 100 countries, with a revenue of € 2,779 million.”
Our 6 strong brands are
Euronext indices: CAC MID & SMALL - CAC FOOD PRODUCERS -
Code ISIN : FR0000063935 - Code Reuters : BOND.PA - Code Bloomberg : BON FP
Find out about the group’s current events and news on Twitter @Bonduelle_Group, and its financial news on @BonduelleCFO
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
Bonduelle - 1st Quarter FY 21-22 Revenue
© OMX, source