For the 2023-2024 fiscal year ended June 30, 2024, the Bonduelle Group revenue stands at 2,371.8 million euros, an increase of +2.7% on a like-for-like basis*. After taking account of exchange rate variations, it shows a decline of -1.4% on reported figures.
Over 2023-2024 fiscal year Quarter 4, revenue showed an increase of +2.6% on a like-for-like basis and +0.5% on reported figures.
Over this last quarter, volumes remained negatively oriented, and reflect a still weak consumer dynamic, particularly in June due to unfavourable weather conditions despite now limited inflation. Despite more moderate sales growth over the last 2 quarters, which does not make it possible to deliver our annual revenue growth target, the group confirms its objective of increasing recurring operating income, thanks to the good performance of branded activities and the effectiveness of internal productivity and cost-control initiatives.
Europe Zone
The Europe Zone, representing 65.7% of the business activity over the fiscal year, posted a growth over this period of +3.3% on reported figures and +2.9% on a like-for-like basis*, and of +0.2% and +0.1% respectively in Quarter 4.
The Europe Zone showed a marked slowdown in its business activity over the last quarter with declining volumes sold. The canned and frozen private label ranges have seen a significant withdrawal linked in particular to occasional changes in supply policies. The branded business showed a significant growth over the period in both volumes and value, in both retail and food service channels.
In the fresh processed (bagged salads) and the fresh prepared segments, business activity suffered in Quarter 4, and particularly in June, from poor weather and an unfavourable base effect compared with the same period last year. The activity presented a stable turnover over the year, with salads in Italy and fresh prepared segments reporting growth.
Outlook
The end of the financial year was marked by increased pressure on volumes, leading to a revenue slightly lower than expected but including a favourable products and brands mix. This commercial mix, added to competitiveness initiatives and strict control of our overheads, should make possible, despite a late and delicate start of harvests due to the weather context, to reach a current operating profitability for the 2023-2024 fiscal year at the top of the target announced in October 2023, i.e. 75 to 80 million euros at constant exchange rates, and a current operating margin above 3%.
For more information: 
Bonduelle Group
La Woestyne 59173
Renescure, France
Email: [email protected]
www.bonduelle.com