BONDUELLE - First Half Year 2016-2017 Turnover: Turnover growth in line with the annual objective
(Thomson Reuters ONE) -
BONDUELLE
A French SCA (Partnership Limited by Shares) with a capital of 56,000,000 Euros
Head Offices: La Woestyne 59173 Renescure, France
Business registration number: 447 250 044 (Dunkerque Registrar of Businesses)
First Half Year 2016-2017 Turnover
Turnover growth in line with the annual objective
of the Bonduelle Group for the first half of FY 2016-2017
The Bonduelle Group's turnover stands for the 1(st) half of financial year
2016-2017 at 1,025.6 millions of euro, a growth of + 1.9% on a like-for-like
basis* and of + 1.4% based on reported figures.
Quarter 2, marked by a slowdown of economic activity in Europe at the end of the
period, and a high comparison basis in Russia, was down by 0.3%* and 0.5%
respectively.
Activity by Geographic Region
+------------+---------+---------+---------+-------------+---------+---------+---------+-------------+
| Total | | |Variation|Variation at | | |Variation|Variation at |
|consolidated| | | at | constant | 2(nd | 2(nd) | at | constant |
| turnover |1(st) HY |1(st) HY | current | scope of |)quarter | quarter | current | scope of |
| (in ? |2016-2017|2015-2016|exchange |consolidation|2016-2017|2015-2016|exchange |consolidation|
| millions) | | | rates |and exchange | | | rates |and exchange |
| | | | | rates | | | | rates |
+------------+---------+---------+---------+-------------+---------+---------+---------+-------------+
|Europe Zone | 632.1 | 637.7 | - 0.9% | - 0.8% | 318.- | 326.- | - 2.4% | - 2.4% |
+------------+---------+---------+---------+-------------+---------+---------+---------+-------------+
|Non-Europe | 393.5 | 373.8 | 5.3% | 6.6% | 227.8 | 222.8 | 2.3% | 2.8% |
|Zone | | | | | | | | |
+------------+---------+---------+---------+-------------+---------+---------+---------+-------------+
|Total | 1,025.6 | 1,011.6 | 1.4% | 1.9% | 545.8 | 548.7 | - 0.5% | - 0.3% |
+------------+---------+---------+---------+-------------+---------+---------+---------+-------------+
Activity by Operating Segments
+------------+---------+---------+---------+-------------+---------+---------+---------+-------------+
| Total | | |Variation|Variation at | | |Variation|Variation at |
|consolidated| | | at | constant | 2(nd | 2(nd) | at | constant |
| turnover |1(st) HY |1(st) HY | current | scope of |)quarter | quarter | current | scope of |
| (in ? |2016-2017|2015-2016|exchange |consolidation|2016-2017|2015-2016|exchange |consolidation|
| millions) | | | rates |and exchange | | | rates |and exchange |
| | | | | rates | | | | rates |
+------------+---------+---------+---------+-------------+---------+---------+---------+-------------+
|Canned | 504.5 | 509.3 | - 0.9% | - 0.3% | 283.3 | 292.3 | - 3.1% | - 2.7% |
+------------+---------+---------+---------+-------------+---------+---------+---------+-------------+
|Frozen | 318.8 | 299.9 | 6.3% | 7.-% | 170.4 | 163.2 | 4.4% | 4.5% |
+------------+---------+---------+---------+-------------+---------+---------+---------+-------------+
|Fresh | 202.4 | 202.4 | 0.-% | 0.-% | 92.1 | 93.3 | - 1.3% | - 1.3% |
|processed | | | | | | | | |
+------------+---------+---------+---------+-------------+---------+---------+---------+-------------+
|Total | 1,025.6 | 1,011.6 | 1.4% | 1.9% | 545.8 | 548.7 | - 0.5% | - 0.3% |
+------------+---------+---------+---------+-------------+---------+---------+---------+-------------+
Europe Zone
For the first half of FY 2016-2017, the Europe zone's turnover remains virtually
unchanged at - 0.8% on a like for like basis* and - 0.9% based on reported
figures.
The canned operating segment experienced a downturn over quarter 2 that was
related to the lower promotional activities which were largely linked, in turn,
to the harvest deficits registered in Summer 2016. The frozen segment achieved
positive growth over the period, witnessing the recovery of the food service
activity. Lastly, the fresh processed (delicatessen) and ready to eat (fresh-cut
salad in bags) segment showed an overall stability in sales linked to an Italian
market for fresh-cut salad in bags that continued to be difficult and the
deterioration of production conditions in Spain (floods) at the end of the
period. As for the delicatessen segment, a return to strong positive growth was
observed in the second quarter.
Non-Europe Zone
The Non-Europe zone's turnover recorded a 6.6% growth on a like for like basis*
and 5.3% based on reported figures over the first 6 months.
The increase in activity amounted to + 2.8% on a like for like basis* in quarter
2 as a result of a high basis for comparison notably in Russia (anticipation of
a price increase in January 2016) coupled with a consumption climate for this
zone showing no real signs of recovery.
In North America, the activity continued to experience strong growth, notably in
Canada. In South America, the repositioning of the canned range enabled the
group to resume growth.
Outlooks
The growth recorded over this first half year, close to the annual objective ( +
2 to + 3% on a like for like basis*), should enable the group, when publishing
the half year results, to confirm its annual objective of a stability of the
operating result at constant exchange rates.
* at constant scope of consolidation and exchange rates
Next financial events:
* 2016-2017 Half FY Results: 2(nd) of
March 2017 (prior to stock exchange trading session)
* 2016-2017 3(rd) Quarter FY Turnover: 3(rd
)of May 2017 (after stock exchange trading session)
About Bonduelle
Bonduelle, a family business, was established in 1853. Its mission is to be the
world reference in "well-living" through vegetable products. Prioritising
innovation and long-term vision, the group is diversifying its operations and
geographical presence. Its vegetable, grown over 128.000 hectares all over the
world, are sold in 100 countries under various brand names and through various
distribution channels and technologies. Expert in agro-industry with 54
industrial sites or own agricultural production, Bonduelle produces quality
products by selecting the best crop areas close to its customers.
Bonduelle is listed on Euronext compartment B
Euronext indices: CAC MID & SMALL - CAC ALL TRADABLE - CAC ALL SHARES
Bonduelle is part of the Gaïa non-financial performance index and employee
shareholder index (I.A.S.)
Code ISIN : FR0000063935 - Code Reuters : BOND.PA - Code Bloomberg : BON FP
First Half Year 2016-2017 Turnover:
http://hugin.info/143377/R/2074682/780200.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BONDUELLE via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 01.02.2017 - 18:00 Uhr
Sprache: Deutsch
News-ID 521393
Anzahl Zeichen: 8725
contact information:
Town:
Villeneuve
Kategorie:
Business News
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