Bonduelle - First Quarter FY 2019-2020 Revenue: Good performance in Europe and faster growth outside Europe for the canned an...
04 Novembre 2019 - 6:00PM
Bonduelle - First Quarter FY 2019-2020 Revenue: Good performance in
Europe and faster growth outside Europe for the canned and frozen
operating segments
BONDUELLE
A French SCA (Partnership Limited by Shares) with
a capital of 56 942 095 EurosHead Office: La Woestyne 59173
Renescure, FranceRegistered under number: 447 250 044
(Dunkerque Commercial and Companies Register)
First Quarter FY 2019-2020
Revenue(July 1 – September 30, 2019)
Good performance in Europe and faster
growth outside Europe for the canned and frozen operating
segmentsFresh business activities affected by the
carry-over of the difficulties recorded in 2018-2019
The Bonduelle Group's revenue stands for the 1st
quarter of FY 2019-2020 at € 684.3 million, a +0.3% increase based
on reported figures and a -1.4% decrease on a like for like basis*.
The exchange rate effects, contributing to an additional +1.7%
growth, were mainly due to the variation in the US and Canadian
dollars and the Russian rouble.
Activity by Geographic
Region
Total consolidated
revenue(in € millions) |
From July 1 to September 30, 2019 |
From July 1 to September 30, 2018 |
Variation Reported figures |
Variation Like for like
basis* |
Europe Zone |
317.8 |
315.1 |
+0.9% |
+0.9% |
Non-Europe Zone |
366.5 |
367.- |
-0.1% |
-3.3% |
Total |
684.3 |
682.1 |
+0.3% |
-1.4% |
Activity by Operating
Segments
Total consolidated
revenue(in € millions) |
From July 1 to September 30, 2019 |
From July 1 to September 30, 2018 |
Variation Reported figures |
Variation Like for like
basis* |
Canned |
245.- |
230.9 |
+6.1% |
+5.3% |
Frozen |
153.8 |
145.6 |
+5.6% |
+3.3% |
Fresh processed |
285.5 |
305.6 |
-6.6% |
-8.7% |
Total |
684.3 |
682.1 |
+0.3% |
-1.4% |
Europe Zone
The growth of revenue for the Europe zone,
representing 46.4% of the business activity over the period, posted
an increase of +0.9% both on a like for like basis* and on reported
figures.Growth was primarily driven by strong growth in branded
activities (Bonduelle and Cassegrain) for the canned and frozen
operating segments, partially offset by the business activities of
the fresh ready-to-use and fresh ready-to-eat segments, with a
slight decrease due, in particular, to a weaker performance for the
fresh segment in Germany.
Non-Europe Zone
The Non-Europe Zone revenue, representing 53.6%
of the group's revenue, amounted to € 366.5 million, down -3.3% on
a like-for-like basis* and -0.1% on reported figures.This change is
entirely explained by the carry-over of volume losses at one
customer and the discontinuation of non-contributory activities in
the bagged salads and meal bowls business recorded in
2018-2019.Long shelf live business activities (canned and frozen)
posted solid growth in both North America and Eurasia, boosted by
the rise of the packing activity of Lebanon in the United States,
and coupled with a strong brand activity in Russia, mainly for the
Bonduelle brand. In Russia, the Belgorod plant started production
in September, in accordance with the initial schedule.
Outlooks
Taking into account the first quarter
performance and the end of harvests and despite the unfavorable
weather conditions for the ready-to-use fresh and fresh products in
Europe at the end of the summer, the group can confirm its
objectives of sales and profitability evolution announced at the
beginning of October 2019.
* at constant currency exchange rate and scope
of consolidation basis. The revenue 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 events:
- Annual General
Meeting:
December 5, 2019- 2019-2020 1st Half Year
Revenue:
February 3, 2020 (after stock exchange trading session)- 2019-2020
1st Half Year
Results:
March 6, 2020 (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 plant-based food. Prioritizing
innovation and long-term vision, the group is diversifying its
operations and geographical presence. Its vegetables, grown over
almost 120,000 hectares all over the world, are sold in 100
countries under various brand names and through various
distribution channels and technologies. An expert in agro-industry
with 56 industrial sites or owned agricultural production sites,
Bonduelle produces quality products by selecting the best crop
areas close to its customers.Bonduelle is listed on Euronext
compartment AEuronext indices: CAC MID & SMALL - CAC FOOD
PRODUCERS - CAC ALL SHARESBonduelle is part of the Gaïa
non-financial performance index and employee shareholder index
(I.A.S.)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
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