France-based vegetables group Bonduelle today (7 October) booked a jump in underlying annual profits, despite rising commodity costs, thanks to increased sales.
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The company posted a 17.4% rise in operating profit to EUR98.6m (US$134.2m) for the year to 30 June.
Turnover was up 18.9% to EUR1.49bn, thanks largely to the acquisition of Canada’s Aliments Carriere.
The deal helped push Bonduelle’s sales outside the EU to EUR333.3m, a jump of 184.7%. On a like-for-like basis, Bonduelle saw its non-EU sales fall 3.3% thanks in part to the weak US dollar.
Sales in the EU rose 1.8% to EUR1.16bn.
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By GlobalDataBonduelle’s net income fell 1.2% year-on-year to EUR51.2m.
