BONDUELLE - Quarter 3 FY 2015-2016 Turnover: Ongoing solid growth in line with the annual objective
04 Mai 2016 - 07:00AM
BONDUELLE
A French SCA
(Partnership Limited by Shares) with a capital of 56,000,000
Euros
Head Offices: La Woestyne 59173 Renescure,
France
Business registration number: 447 250 044
(Dunkerque Registrar of Businesses)
Quarter 3 FY
2015-2016 Turnover
(1st of January -
31st of March
2016)
Ongoing solid
growth for quarter 3
in line with the annual objective
The Bonduelle Group's turnover for
quarter 3 of FY 2015-2016 stands at 471.8 million of Euro, an
increase of 3.-% on a like for like basis* and therefore up by 2.8%
for the first 9 months of this financial year. Based on reported
figures, the aggregated turnover remains virtually unchanged (-
0.4%), with a slight growth observed over this quarter (+
0.4%).
Activity by
Geographic Region
Total
consolidated turnover
(in € millions) |
9 months
2015-2016 |
9 months
2014-2015 |
Variation at current exchange rates |
Variation at constant scope of consolidation and exchange
rates |
3rd quarter
2015-2016 |
3rd quarter
2014-2015 |
Variation at current exchange rates |
Variation at constant scope of consolidation and exchange
rates |
Europe Zone |
950.1 |
955.2 |
- 0.5% |
- 0.5% |
312.3 |
315.8 |
- 1.1% |
- 1.-% |
Non-Europe
Zone |
533.3 |
533.5 |
- 0.-% |
+ 9.1% |
159.5 |
154.1 |
+ 3.5% |
+ 12.-% |
Total |
1,483.4 |
1,488.7 |
- 0.4% |
+ 2.8% |
471.8 |
469.9 |
+ 0.4% |
+ 3.-% |
Activity
by Operating Segments
Total
consolidated turnover
(in € millions) |
9 months
2015-2016 |
9 months
2014-2015 |
Variation at current exchange rates |
Variation at constant scope of consolidation and exchange
rates |
3rd quarter
2015-2016 |
3rd quarter
2014-2015 |
Variation at current exchange rates |
Variation at constant scope of consolidation and exchange
rates |
Canned |
730.8 |
788.2 |
- 7.3% |
- 2.6% |
221.5 |
230.2 |
- 3.8% |
- 1.3% |
Frozen |
453.2 |
415.6 |
+ 9.-% |
+ 11.-% |
153.3 |
145.2 |
+ 5.6% |
+ 10.4% |
Fresh processed |
299.3 |
284.9 |
+ 5.1% |
+ 5.1% |
96.9 |
94.5 |
+ 2.5% |
+ 2.5% |
Total |
1,483.4 |
1,488.7 |
- 0.4% |
+ 2.8% |
471.8 |
469.9 |
+ 0.4% |
+ 3.-% |
Europe
Zone
The Europe Zone activity
experienced a slight decline over quarter 3. The national brands
(Bonduelle, Cassegrain) performances were only partially offsetting
a penalizing private label canned activity, due to the price
decreases observed on 2015-2016 contracts, now effective and a
slowdown in the delicatessen operating segment linked to
historically high levels.
The frozen operating segment in the food service sector bounced
back with growth and recorded 3 consecutive months of sales volumes
increase, despite an ever challenging consumption environment.
Non-Europe
Zone
The Non-Europe Zone keeps
contributing significantly to the growth of the group, up by +
12.-% on a like for like basis* and by + 3.5% on reported figures
for the 3rd quarter of
this FY, with accumulated increase recording + 9.1% on a like for
like basis*. On a reported basis, the zone's turnover remained
stable despite a 45 million of Euro adverse impact of exchange
rates due mainly to the depreciation of the Russian
rubble.
Albeit still affected by an adverse consumption climate in Russia,
the zone continues to be driven by the development of North America
and the competitiveness of the American/Canadian dollar parity.
Highlight
Divestiture of
the interest in UCR
The Ardo and Bonduelle groups,
leaders in processing frozen vegetables in Europe, finalized on the
15th of April
2016, the plan in which the Bonduelle Group is to sell to Ardo its
equity stake (50%) held in the Ultracongelados de la Ribera (UCR)
joint venture co-owned with Ardo, as announced on the 3rd of February
2016.
Ardo retroactively acquired all Bonduelle shareholding on the
1st of January
2016; along with the real estate assets of the site located in
Valence, up to then property of Bonduelle. The sales of the
interest, previously accounted by equity method in the financial
statements of the group, will result in a pre-tax net charge of 2
million of Euro on the 30th of June
2016. This transaction will, however, have no impact on the group's
financial net debt.
Outlooks
The evolving business activity of
these first 9 months, nevertheless allows, despite an ever
demanding and volatile economic climate, to confirm the turnover
growth objectives of 1.5% - 2.5% and a higher current operating
profitability than the previous FY at constant exchange rates for
the 30th of June
2016.
* at constant
currency exchange rate and scope of consolidation basis
Next financial events:
- 2015-2016 FY
Turnover
: 4th of August
2016 (prior to stock exchange trading session)
- 2015-2016 FY
Results
: 4th of October
2016 (prior to stock exchange trading session)
About Bonduelle
Bonduelle, a family business, was established in
1853. Its mission is to be the world reference in "well-living"
through vegetable products. Prioritising innovation and long-term
vision, the group is diversifying its operations and geographical
presence. Its vegetable, grown over 128.000 hectares all over the
world, are sold in 100 countries under various brand names and
through various distribution channels and technologies. Expert in
agro-industry with 58 industrial sites or own agricultural
production, Bonduelle produces quality products by selecting the
best crop areas close to its customers.
Bonduelle is listed on Euronext compartment B -
Indices: CAC MID & SMALL - CAC ALL-TRADABLE - CAC ALL
SHARES
Code ISIN : FR0000063935 - Code Reuters : BOND.PA
- Code Bloomberg : BON FP
Quarter 3 FY 2015-2016
Turnover
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: BONDUELLE via Globenewswire
HUG#2009020
Bonduelle (EU:BON)
Graphique Historique de l'Action
De Fév 2024 à Mar 2024
Bonduelle (EU:BON)
Graphique Historique de l'Action
De Mar 2023 à Mar 2024