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.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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%.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
