Bonduelle’s sales have increased by 2.1% to €475 million over the last trimester of 2013-14 (end of June). This is a 6.5% increase in comparable Group structure and exchange rates.
Annual turnover has increased +1.3% (+5.5% on a comparable basis) to €1.912 billion compared to €1.896 billion last year. The group stated that the 5.5% increase on a comparable basis is higher than the “4% target announced”.
The group will publish their annual results on the 30th September, but they remind us that Brussels fined them €30 million for fixing mushroom prices. “This cost, though very significant, has not questioned the financial health of the Bonduelle Group” they confirmed.
In the 4th trimester North America (USA and Canada) and Brazil recorded the strongest increase of +14% (-1.5% current market rates), which represents a +12.9% increase (0.9% constant data) for the year within these regions.
The European zone (66.7% total turnover) has recorded a +3.7% increase (+3.6% current market rates). Over the last year, the increase reached +2.3% in constant scope and exchange rates (+1.5% in current market rates), a recovery compared to the -)/8% decrease last year.
The sector with the strongest growth is canned vegetables (+6.7% , to +3.2% in current market rates) and frozen vegetables (+5.9%, but -1.2% in current market rates).
For the current campaign, Bonduelle is optimistic stating that agriculture is good everywhere and should allow for the summer production to be as predicted.