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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The company yesterday (5 February) booked a 4.2% increase in sales to EUR403.5m (US$517.6m) for the second quarter of its 2008/09 fiscal year. On a like-for-like basis, sales were up 5.3%.
Nevertheless, Bonduelle still reported a 0.5% fall in first-half turnover to EUR752.2m, as revenues in Europe slipped and sales of frozen and chilled products fell.
Bonduelle’s European sales slid 1.9% to EUR546.7m, with the economic downturn hitting sales of chilled vegetables.
Bonduelle’s chilled vegetables sales fell 10.2% during the first half of its fiscal year, while its frozen sales dipped 1.6%.
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By GlobalDataHowever, sales of canned products, which is Bonduelle’s biggest division in terms of revenue, rose 5% to EUR377.4m.
Sales outside Europe rose 9.1% at constant exchange rates, Bonduelle said. Including the impact of foreign exchange, non-European sales rose 3.4%.
Looking ahead, Bonduelle insisted that profits this year would match last year’s performance.
“Bonduelle expects to meet its stated objective in terms of operational profitability, i.e., a level of performance equivalent to that of the previous financial year,” the company said.
