2022-2023 Annual Results

Growth in the Bonduelle Group’s business and profitability in 2022-2023

On September 29, 2023, the Supervisory Board, under the chairmanship of Martin Ducroquet, reviewed the statutory and consolidated financial statements for FY 2022 - 2023 as approved by the General Management and certified by the company's statutory Auditors.

The Bonduelle Group’s revenue for the fiscal year 2022-2023 ended June 30, 2023 amounted to € 2,406.2 million, an increase of 9.2% on a reported basis and 5.0% on a like for like basis (1) compared to the previous fiscal year. Currency fluctuations had a favorable effect of +4.2% on the group’s growth this year, with a significant appreciation of the US dollar and more notably the Russian ruble.

Current operating profitability increased by +24.8% on a reported basis and +26.9% on a like for like basis(1), with the current operating margin of 2.7%, higher than the communicated guidance.

Europe Zone
The Europe Zone, representing 62.7% of the business activity in FY 2022-2023, recorded a very strong revenue growth of +11.1% on reported figures and +11.6% on like for like basis(1). All technologies reported growth in value over the year, despite Quarter 4 marked by a downturn in retail. For the long life segment, canned-brand activities posted a drop in volume, but maintained their market share in declining markets, while the group private labels activities experienced a more limited decline, enabling them to meet the expectations of the various market segments. Driven by the year’s innovations, the frozen activity posted a growth in volume.

Price increases, made necessary by the rise in various cost items, supported growth in value. The food service activity, mainly frozen, confirmed its dynamism over the whole year, with a growth in volume, reinforced in value by price increases.

More sensitive to the consumer environment, the fresh processed segment in retail also contributed to overall growth in value, with sales sustained by a good performance in fresh prepared activity, with growth in volume thanks to the success of innovations and favorable weather conditions, on the other hand, the fresh cut salads showed a sharper decline.

For more information:
Bonduelle Group
La Woestyne 59173
Renescure, France

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