Fresh and prepared food group Bonduelle has reported on a strong set of results for the third quarter of fiscal 2017/18, with turnover standing at €672.9m, an increase of 27.7 per cent
According to the company, the consolidation of Ready Pac Foods accounted for a 30.4 per cent increase, while exchanges rates (rouble, American dollar and Canadian dollar) had a negative impact on turnover of 3.5 per cent.
Over the first nine months of the fiscal year, growth amounted to 34.8 per cent based on reported figures and 1.3 per cent on a like for like basis.
'Given a less dynamic consumption climate than expected, the group now expects a business growth slightly higher than 20 per cent at constant exchanges rates thanks to several innovation activities launched over Q4 in the various technologies and maintains its growth target of its current operating profitability at circa 20 per cent the, same result being expected at constant exchange rates,' the group noted.
Personnel change
Bonduelle has also announced several changes to its management, with the nomination of Guillaume Debrosse as CEO, meaning Christophe Bonduelle becomes non-executive chairman.
In this new role, three executive co-directors will report to Debrosse: Philippe Carreau, in charge of the Europe zone; Grégory Sanson, in charge of the group's Financial and Development Department; and Daniel Vielfaure, in charge of the Americas zone.
The change will come into play on 1 July 2018, Bonduelle confirmed.
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