COVID-19: Bonduelle and its partners mobilize to weather today’s hardships and anticipate tomorrow's challenges
08 Avril 2020 - 6:00PM
COVID-19: Bonduelle and its partners mobilize to weather today’s
hardships and anticipate tomorrow's challenges
BONDUELLE
A French SCA (Limited Partnership by Shares) with
a capital of 56,942,095 EurosHead Office: La Woestyne 59173
Renescure, FranceRegistration number: Dunkerque B 447 250
044
COVID-19: Bonduelle and its partners
mobilize to weather today’s hardships and anticipate tomorrow's
challenges
In a context of great uncertainty, the
group suspends its 2019-2020 financial objectives
The Bonduelle Group has always assumed
its responsibilities with regard to its place in the agri-food
sector chain. Canned foods, frozen vegetables and fresh vegetables
– essential elements of a healthy and sustainable diet that are at
the heart of the population’s daily needs.
Today, this responsibility is more than ever a
driving force for all the Bonduelle teams who, at the group's 56
production and packaging sites, are working hard to maintain the
food supply chain.
In the context of this unprecedented health
crisis, the group's top priority is to make workplaces safe, in
order to protect and reassure not only its employees, but also its
suppliers, partners and customers. As such, the Bonduelle Group has
set up a specific work structure and is ensuring strict compliance
with the heightened health and safety rules during this period.
The civic commitment of the group and its teams
in the fight against coronavirus is not limited to their role as
responsible stakeholders in the food chain.
Throughout the world, new initiatives and forms
of solidarity are being created and organized to best meet the
local needs of the underprivileged and carers.
From product donations for families in
difficulty in the United States to donations to Food Banks in
Quebec and France, local solidarity initiatives are
multiplying.
But while the current health crisis has put much
of the global economy on the back burner, nature’s cycle goes
on.
In spite of the difficulties caused by this
situation, the extraordinary mobilization of the teams makes it
possible for the moment to maintain the activity of all the sites
and to prepare the start of the coming harvest for which the
availability of manpower will be essential and will require a
strong mobilization.
In this context, the Bonduelle Group has seen
contrasting trends in its activity, according to business line –
strong demand for canned and frozen foods from mass retailers and
high volatility in fresh food, the collapse of out-of-home food
service – and geographic regions, and has been hit by cost
overruns, some of which cannot be passed. Given the uncertainties
generated by the Covid-19 health crisis, the lack of visibility in
terms of how it will develop, and therefore the inability to
anticipate its impact, the Bonduelle Group is suspending the
objectives set forth at the time of publication of the 2019-2020
half-year results, which, as mentioned, did not take into account
the effects of the health crisis. The group immediately took
actions to limit the adverse impacts of the Covid-19 crisis, and
reminds that its healthy financial structure, as well as its
available and secured financing capacities, enable it to deal with
the potential consequences of the pandemic on its activity.
An update on the situation and potential impacts
of the pandemic will be given at the time of publication of the
2019-2020 third quarter revenue.
www.bonduelle.com@Bonduelle_Group
About BonduelleBonduelle, 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.
Press contact: Agence RP carréesVanessa Vazzaz –
06 34 32 24 23 – vanessa.vazzaz@rp-carrees.comJennifer Cuenca – 07
78 45 21 78 – jennifer.cuenca@rp-carrees.com
- CP Bonduelle-Covid 19 Finance EN
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