Shares in French vegetable group Bonduelle jumped by more than 6% today (7 May) after the company saw sales accelerate during the third quarter of its fiscal year.
At constant exchange rates, the company booked a 7.6% rise in quarterly sales to EUR377.1m (US$502.4m). When the impact of currency fluctuations is factored into the results, Bonduelle saw its sales climb 4.3%.
During its second quarter, Bonduelle’s sales rose by 5.3% on a constant-currency basis. Including the effects of currency exchange, Bonduelle’s second-quarter turnover rose by 4.2%.
Sales in Europe rose by 5.7% to EUR299.1m and by 6.7% when currency fluctuations were stripped out.
Currency exchange weighed on Bonduelle’s sales outside Europe, which dipped 0.7% to EUR78m. On a constant-currency basis, non-European turnover was up 11%.
During the first nine months of Bonduelle’s fiscal year, its turnover stood at EUR1.13bn, up 2.8% at constant exchange rates and by 1% when currency exchange was included.
At 13:11 CET today, Bonduelle’s shares were up 6.8% at EUR56.80.
