On the 26th of September 2014, the Supervisory Board, under the chairmanship of Isabelle Danjou, reviewed the statutory and consolidated financial statements for FY 2013 - 2014 as presented by the Executive Board and certified by the company's statutory auditors.

Commenting on the year's results, the President, Christophe Bonduelle said, "This FY year, negatively affected by the exchange rate volatility and the outcome of the procedure laid down by the European Commission, nevertheless, marks an important step towards our VegeGo! vision for 2025, with an outstanding growth of the turnover and the current operating profitability at constant exchange rates and a significant improvement in our financial structure. 2014 - 2015 should again show a profitability growth, our sound financial health allowing us to consider new development projects as shown by our acquisition project in western North America."

Annual turnover rose sharply and exceeded the announced objective

The group's turnover for FY 2013 - 2014 (1st of July 2013 - 30th of June 2014) reached € 1,921.1 M, compared with € 1,896.1 M last FY, an increase of 1.3%.

After adjustment for currency exchange rates (- 3.7% or € 66.2 M, 35.1% of the group's turnover being denominating in foreign currencies) and scope of consolidation (- 0.5%), the organic growth* reached + 5.5% against + 1.9% the previous year. This strong growth in activity reflects the pertinence of the group's internationalization: resilience in Europe (+ 2.3%* against - 0.8%* last FY), returning to positive growth and outstanding growth outside Europe (+ 12.4%* against 8.6%* last FY). Consequently, the turnover is well in excess of the announced objective at constant exchange rate: + 4% thanks to a growth improvement observed from quarter to quarter and a particularly solid 4th quarter: + 6.5%*.

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Find the complete recorded annual results and the financial notices calendar on www.bonduelle.com.