Bonduelle Quarter 3 FY 2020-2021 Revenue

Bonduelle Group's Q3 revenue at € 674.6 million, a year-on-year change of -11.4%

The Bonduelle Group's revenue stands for Q3 of financial year 2020-2021 at € 674.6 million, a year-on-year change of -11.4% on reported figures and -6.-% on a like for like basis* after taking into account exchange rate variations, mainly due to the weakening of the US dollar, the Russian ruble and to a lesser extend the Canadian dollar. No change in the group's scope of consolidation occurred over the period.

Over the first 9 months of this financial year, the revenue stands at € 2,116.1 million, a slight increase of +0.5% on a like for like basis* but down -4.-% on reported figures due to particularly unfavorable exchange rate fluctuations. Compared to the same period of financial year 2018-2019, the revenue posted a growth of +1.6% on reported figures and +4.3% on a like for like basis*.

Q3 of this financial year, notably in March, marks the beginning of a period of erratic comparison bases due to the sanitary crisis and its variable effects over time and according to the technologies. The same period last year was marked by massive precautionary purchases, favorably affecting long-life technologies in retail on the one hand, and by a sharp drop in food service activities on the other.

Highlights

Implementation of a reserved capital increase

In concordance with the authorization granted by the Shareholders' Meeting on December 17, 2020 and following a period of presentation of the principles of the reserved capital increase and the collection of declarations of intent to subscribe by the eligible categories of persons, the Bonduelle General Management has decided a capital increase set aside for agricultural partners.

Through this transaction, the Bonduelle Group intends to share the Bonduelle SCA’s value creation and to strengthen its close and lasting ties with the agricultural community by associating it with its capital, in line with its ambition for sustainable growth with a positive impact.

Details of the transaction, for which the subscription period will begin on May 4, 2021 and close on May 18, 2021, are available in a press release issued today and on the website www.bonduelle.com. 2020-2021 Outlooks

In a sanitary context that is still uncertain and whose impact is greatly differentiated according to the technologies and geographies, the Bonduelle Group confirms its revenue growth target of 1% to 2% and aims for a current operating profitability as a percentage of its revenue at the lower range of the communicated guidance of 3.6% to 3.8% at constant exchange rates and consolidation scope.

Click here to read the full press release.

 

For more information: bonduelle.com


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