Bonduelle sees growth in US
Over the third 2013-2014 quarter (1st January - 31st March), Bonduelle's turnover reached €458.4 million (+1.5%). Europe, which makes up 65% of the groups turnover reported a +1.6% growth on a comparable basis.
''This improvement is above all thanks to sales of canned produce under both our own brand (Bonduelle and Cassegrain) and retail brands, as well as a return to growth in the fresh sector, thanks to a recovery of sales of salad in sachets in Italy''. However, the frozen sector still suffers from a weak demand from the catering industry.
Excluding Europe, the group had a +15.1% growth over the third quarter with a great performance in the USA in particular, where frozen vegetable sales have allowed the group to gain market shares.
The group confirms its forecast for FY 2013-2014 : a 4% turnover growth at constant exchange rates and a high operating profit share of €106-107 million.
Bonduelle, founded in 1853, processes 128,000 ha of vegetables annually in 57 industrial sites and sells in 100 countries.