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Quarter 4 particularly dynamic

2021 2022 FY growth of annual revenue for Bonduelle over this financial year

The Bonduelle Group's revenue for FY 2021-2022 stands at € 2,891.7 million (excluding the effect of IFRS 5) versus € 2,778.6 million last financial year, an increase of +1.8% on a like for like basis, including the North American canned and frozen activities sold on June 30, 2022. In a context once again disrupted by the sanitary crisis, a difficult climate, coupled with geopolitical tensions and their consequences, the group once again demonstrated the resilience of its business

At € 2,891.7 million, the 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* 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. Quarter 4 showed a strong growth of +4.5% on a like for like basis* and +9.1% on reported figures (excluding the effect of IFRS 5), driven by the dynamism of the food service business in Europe and North America, which was close to pre-covid levels, coupled with favorable comparisons due to the lack of products in the previous financial year. Europe Zone

The revenue for the Europe Zone, representing 46.9% of the business activity in FY 2021-2022 (excluding the effect of IFRS 5) posted a high growth rate of +6.7% on reported figures and +6.9% on a like for like basis, growth recorded in all technologies. Branded sales grew by circa +4.-% in the retail sector, resulting, in particular for Cassegrain, in market share gains in both volume and value, in line with the group's strategy. Food service business, mainly frozen and fresh, grew by more than 30%, exceeding the market's recovery rate, resulting in a return to a level of activity close to that of the pre-Covid period.

With a revenue of C$ 989 million for financial year 2021-2022, this business activity is dedicated to the processing and marketing of canned and frozen vegetables in the United States and Canada, in the retail supermarket and food service sectors, with private labels, third party brands and own brands such as Arctic Gardens and Del Monte. This operation enables the group to continue to deploy its activities, particularly in brands, in line with its strategic priorities and its ambition of sustainable growth with positive impact. The sale, for which the net proceeds will be determined based on the financial statements as of the date of the transaction, which are currently being prepared, will be recorded in the Bonduelle Group's financial statements for the year ending June 30, 2022.

Click here to read the full press release.

For more information:
Bonduelle
La Woestyne 59173
Renescure, France
bonduelle.com


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