Bonduelle Q3 turnover shows increase of 11.7% to €526m

The Bonduelle Group's released their turnover for quarter 3 of FY 2016-2017 which stands at 526.8 million Euro, an increase of 11.7% driven by the combined effect of a solid organic growth (+ 2.2%), favourable exchange rates (+ 4.-%) and the integration of Ready Pac Foods (+ 5.5%) into the company as of March 21st 2017. Over the first 9 months of this FY, growth increased by +4.7% based on reported figures.

Europe Zone
For quarter 3, the Europe zone showed renewed growth with +0.9% both on a like for like basis and reported figures. An all the more remarkable performance over the past 3 months, given the fact that the fresh ready to use segment was heavily affected by adverse weather conditions in December and January in Spain and Italy, but more than offset by a return to growth for the canned segment and a very sharp activity rise for the frozen segment. For the first 9 months of this FY, the activity remained virtually unchanged both on a like for like basis* and reported figures.

Non-Europe Zone
The Non-Europe zone recorded over quarter 3 a +32. 7% growth, the favourable exchange rates (Russian rouble and Canadian dollar, notably) and the integration of Ready Pac Foods, as of March 21 st 2017 (USD 28.3 million) have boosted the growth on a comparable basis* (+ 4.5%). A sharp upturn of the activity in Eastern Europe (Russia and the Community of Independent States) was also observed.

For the first 9 months, the Non-Europe zone recorded a growth of +13.5% based on reported figures and +6% on a like for like basis.

For more information:
Bonduelle
www.bonduelle.com