Bonduelle results "in line with objectives"

The international marketing magazine for fresh produce buyers in Europe
Carl Collen

BY CARL COLLEN

Bonduelle results "in line with objectives"

Group reveals annual results with turnover stable but net result falling over 20 per cent

Bonduelle results "in line with objectives"

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French salad and vegetable specialist Bonduelle has revealed its annual results for the full year of 2015/16, with its net result (at actual exchange rates) coming in 22.5 per cent lower at €53.7m and it turnover relatively stable, down 0.7 per cent to €1.97bn.

However, the group pointed out that, given the "ever-chaotic climate" – shaped by the lack of any upturn in consumption and price war in Europe, economic crisis in Russia and Brazil, and high currency fluctuations – the group actually reported on 12 months of growth of 2.4 per cent on a like-for-like basis.

The group's European zone, which represents 65 per cent of total turnover, showed "virtual stability" on a like-for-like basis, with the non-Europe zone saw growth of 8.2 per cent.

"Taking into account 2016's very difficult harvesting conditions in France, Russia, US and Brazil, with an estimated financial impact of €7m-8m, the group sets its current operating profitability objective at €98m-99m and its operating profit stable at €96m-97m, both at constant exchange rates, for 2016/17," the group noted.

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