Bonduelle reports accelerating sales growth
Bonduelle sees growth accelerate
Bonduelle, the French vegetable processor, said today (4 February) its sales accelerated in the second quarter of its financial year thanks to a step-up in international growth.
The company's total like-for-like sales growth in the second quarter was 4.1%, up from a rise of 0.9% in the first quarter. Expansion was fuelled by "strong" growth outside of Europe, with sales in the non-Europe zone up 11% in the three month period.
The increased pace of growth in the second quarter lifted Bonduelle's first sales for the six months to the end of December. For the half, sales rose to EUR1.01bn (US$1.12bn), up 2.6% on a comparable basis. On a reported basis, however, sales saw a "slight" downturn dropping 0.7% due to the negative impact of currency exchange.
Commenting on the result, the company said: "In a highly demanding environment, both in western and eastern Europe, the Bonduelle Group nevertheless recorded another six months of solid growth in line with its annual objective."
Bonduelle added it expects to refine its full-year profit outlook when it delivers its full results for the first half at the beginning of March.
Mushrooms are porous, fleshy, and spongy and are most often considered as vegetables. Both individual consumers and foodservice providers are the primary consumers of mushrooms. Consumers globally are...
Marginal growth levels in mature markets have forced traditional packaged food manufacturers to look towards inorganic sources for growth - specifically mergers and acquisitions (M&A) - in order to ac...
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- Food market in 2017: need-to-know US trends
- Trump seen as negative for global food trade
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs
- Lindt sees FY sales acceleration on Europe growth