FRANCE: Bonduelle Q3 sales up on Eastern European growth
French vegetable processor Bonduelle reported an increase in third-quarter sales, driven by an increase in Eastern European volumes.
The company said today (5 May) that sales increased 14.6% to reach EUR320m (US$468.5m) over the quarter ended 31 March. Sales grew 1.4% on a like-for-like basis.
The company said that a "surge in sales" in Eastern Europe over the previous quarters was "sustained" during the third quarter, "confirming the marked improvement in the consumer climate in this zone".
In Europe, sales were up 14.1%, but adjusting for the disposal of the apple transformation business, the acquisition of France Champignon and foreign exchange rates, sales fell 0.6%.
Bonduelle said that, outside Europe, it reported 16.4% sales growth. Sales were up 7.3% on a like-for-like basis.
- General Mills sales woes continue - analysis
- Comment: Meal kits in US - don't believe the hype
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Analysis: Chocolate sector's deforestation pledge
- UK own-label firm Park Cakes sold in MBO
- Unilever 'lining up spreads sale'
- Kraft Heinz cuts jobs in US, Canada
- Immigration crackdown "risk" for US dairy industry
- Fonterra cuts earnings forecast