FRANCE: Sales jump buoys Bonduelle
France-based vegetables group Bonduelle today (7 October) booked a jump in underlying annual profits, despite rising commodity costs, thanks to increased sales.
The company posted a 17.4% rise in operating profit to EUR98.6m (US$134.2m) for the year to 30 June.
Turnover was up 18.9% to EUR1.49bn, thanks largely to the acquisition of Canada's Aliments Carriere.
The deal helped push Bonduelle's sales outside the EU to EUR333.3m, a jump of 184.7%. On a like-for-like basis, Bonduelle saw its non-EU sales fall 3.3% thanks in part to the weak US dollar.
Sales in the EU rose 1.8% to EUR1.16bn.
Bonduelle's net income fell 1.2% year-on-year to EUR51.2m.
Bonduelle, the France-based vegetable processor, is looking to expand its operations in Brazil and is eyeing two acquisitions in Canada as the company plans to boost its overseas business....
Bonduelle, the French food group, has blamed the weak economies of Europe for a dip in half-year profits....
Rising second-quarter sales at France-based vegetable group Bonduelle have not been enough to prevent a fall in first-half revenues....
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