The Bonduelle Group's revenue for the 1st half of financial year 2022-2023 amounted to € 1,243.4 million, compared with € 1,094.6 million for the 1st half of the previous financial year which represents a growth of +13.6% at current exchange rates and +6.1% on a like for like basis* with favorable currency variations boosting sales growth by +7.5%.
The growth of the 2nd quarter revenue shows an acceleration compared to the 1st quarter at +16.0% at current exchange rates and +7.6% on a like for like basis.
The Europe Zone representing 59.4% of the business activity over the period, posted an overall growth of +11.4% at current exchange rates and +12.3% on a like for like basis* over the 1st half of the year, with all technologies showing growth over the period. The variations for the 2nd quarter were respectively +13.7% and +14.8%, accelerating compared to the 1st quarter.
The policy of price increase intended to partially compensate for inflations in production costs continues, particularly in canned and frozen activities. A limited decline in volumes over the period was noted. This is explained by the quotas applied to certain products following a deficit harvest.
The Non-Europe Zone revenue representing 40.6% of the business activity in the 1st half year, posted +17.0% at current exchange rates and -3.4% on a like for like basis*. Variations for the 2nd quarter were respectively +19.2% and -2.9%.
In a particularly uncertain environment, the achievement of the group’s objectives in terms of business growth and profitability for financial year 2022-2023, which will be specified during the half year presentation, will remain dependent both on the dynamics of consumption which are difficult to predict and on price increases, once again essential to compensate changes in certain components of the cost price, in particular agricultural materials.
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