Bonduelle reported growth across business

Bonduelle reported growth across business

French food group Bonduelle has booked a near-5% rise in underlying first-quarter sales, with growth from each of its divisions.

Excluding the impact of foreign exchange, the company posted a 4.9% increase in turnover for the three months to the end of September.

Currency fluctuation trimmed some of the growth, with reported turnover up 2.8 at EUR464.3m (US$575.9m).

Sales in Bonduelle's three divisions grew on a reported basis. However, stripping out the impact of exchange rates, sales of canned food - which accounts for almost half Bonduelle's turnover - increased 5%. Bonduelle's frozen business booked a 2.2% increase in underlying sales. The company's smallest division - fresh processed - saw sales climb 8.2%.

Bonduelle said the performance was "in line with expectations" and it confirmed its previous forecast for annual organic operating profit to rise by 3-6%.