French vegetable processor Bonduelle has reported a rise in annual turnover despite sales falling during the fourth quarter.
The company said yesterday (4 August) that its turnover rose 10.7% to EUR1.7bn (US$2.43bn) in the year to the end of June.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Bonduelle said that its annual sales in Europe were up 10.5% to EUR1.3bn. Outside Europe, sales rose 11.2% to EUR428m.
The group’s canned vegetable sales climbed 15.1% to EUR913.8m. Its fresh processed vegetables increased 9.6% to EUR378.1m, while its frozen vegetable sales were up 3.2% to EUR434.1.
However, in the fourth quarter, Bonduelle’s turnover fell 2.8% to EUR419.8m. It attributed the fall to price cuts on private-label products, shortages of certain products following the poor harvest of summer 2010 and delayed deliveries in Eastern Europe.
For the fourth quarter, European sales fell 0.1% to EUR342.8m. Outside Europe, sales fell 10.1% to EUR.
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 GlobalDataBonduelle’s canned vegetable sales fell 4.5% to EUR213.7m and its frozen vegetable sales dropped 1.5% to EUR106.2m. However, sales of fresh processed vegetables were up 2.5% to EUR100.6m.
