Bonduelle annual results 2021-2022

Business growth and profitability maintained in a particularly adverse environment

On September 30, 2022, the Bonduelle Supervisory Board, under the chairmanship of Martin Ducroquet, reviewed the statutory and consolidated financial statements for FY 2021 - 2022 as approved by the General Management and certified by the company's statutory Auditors.

Revenue
At € 2,891.7 million, Bonduelle group's revenue (excluding the effect of IFRS 5), including the long life business activities in North America, increased by +1.8% on a like for like basis(1) and +4.1% on reported figures (excluding the effect of IFRS 5) over FY 2021-2022 (July 1, 2021 - June 30, 2022). Currency fluctuations had a favorable effect of +2.3% on the group's growth this year, notably with a significant appreciation of the US and Canadian dollars. Adjusted by IFRS 5, revenue amounted to 2,202.6 million euros, compared with 2,163.6 million euros last financial year.

Guillaume Debrosse - Chief Executive Officer: "The group was confronted in the 2021-2022 financial year with a series of particularly unfavorable external phenomena to which the teams reacted with commitment and efficiency. The review of the profitability perspectives for our ready-to-use fresh food business in North America, which is weighing on the group's performance in the short term, and which is also linked to this environment, does not call into question the relevance of this acquisition, which is perfectly aligned with our mission "to inspire the transition toward a plant-based diet to contribute to people's well-being and planet health."

This mission is based on a strategy of strong brands, again experiencing growth during the financial year, and on a financial situation strengthened by the capital opening of the long life business (canned and frozen) in North America. Given this environment, the group is embarking on the 2022-2023 financial year with appropriate caution while continuing its transformation."

Click here to read the full press release.

For more information:
Bonduelle
La Woestyne 59173
Renescure, France
Tel.: +33 3 28 42 60 60
bonduelle.nl


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