The Bonduelle Group has reported that turnover came in at €448.4m during the opening quarter of financial year 2012/13, up 7.3 per cent on the €417.8m recorded in the same period last year (down 0.9 per cent at constant exchange rates).
In Europe, like-for-like results dropped 1.8 per cent from €304.6m to €298.4m, with the market slowdown seen at the tail end of 2011/12 continuing throughout the summer.
'In the fresh processed segment, while prepared salads remained stable, the delicatessen activity was satisfactory and benefited from a favourable base effect,' the group noted.
In the non-Europe segment, Bonduelle's turnover grew 1.3 per cent, with eastern Europe and South America both posting double-digit growth in both volume and value terms.
Bonduelle's outlook report suggested caution at the trading environment, and reaffirmed its 2012/13 objectives of 8 per cent turnover growth at constant exchange rates and operating profitability of 5-10 per cent.
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