Bonduelle, the France-based vegetable group, has today (28 February) posted a 12% rise in first-half profits thanks to its Aliments Carrière business boosting sales.
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The company booked net profit of EUR19.8m (US$29.9m) for the six months to 31 December. Turnover jumped 25.3% to EUR756.1m.
Bonduelle bought the Canadian Aliments Carrière business last year.
Bonduelle said its trading in the EU was “buoyant”, especially in the last three months.
Nevertheless, the company warned that it was “inevitable” that it would look to increase prices in the months ahead.
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By GlobalData“The global context of rising agricultural prices is generating high inflation on vegetable contracts. Given the magnitude of the phenomenon, compensation by productivity gains can only be partial and increases in commercial rates are inevitable,” Bonduelle said.
