Bonduelle - Quarter 1 FY 24-25 Sales: Stability of sales and groth in branded products over Quarter 1. Sales and current operatin income annual targets confirmed

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BONDUELLE
BONDUELLE

BONDUELLE

Head office: "La Woestyne" - 59173 Renescure - France
Bonduelle a French S.C.A (Partnership limited by Shares) with a capital of 57 102 699,50 euros
Registered under number : 447 250 044 (Dunkerque Commercial and Companies Register)

Quarter 1 FY 2024-2025 Sales
(July 1 - September 30, 2024)

Stability of sales and growth in branded products over Quarter 1
Sales and current operating income annual targets confirmed

The Bonduelle Group sales for Quarter 1 of FY 2024-2025 (July 1 - September 30, 2024) amounted to 567.2 million euros, thus almost stable at -0.4% on a like-for-like basis* and -0.2% on reported figures compared to Quarter 1 of the previous fiscal year. Beyond stable sales over the period, the group’s branded products, at the heart of the “Transform to win” transition program presented on October 7, posted growth of +2.2% on a like-for-like basis* and +2.4% on reported figures. The impact of exchange rates between main currencies and the euro only had a marginal effect (+0.2%) on the group’s business activity over the period.

Activity by Geographical Region

Total consolidated sales
(in millions of euros)

From July 1 to
September 30, 2024

From July 1 to
September 30, 2023

Variation
Reported figures

Variation
Like-for-like basis*

Europe Zone

368.2

375.3

-1.9%

-2.0%

Non-Europe Zone

199.0

193.2

+3.0%

+2.7%

Total

567.2

568.5

-0.2%

-0.4%

Activity by Operating Segments

Total consolidated sales
(in millions of euros)

From July 1 to
September 30, 2024

From July 1 to
September 30, 2023

Variation
Reported figures

Variation
Like-for-like basis*

Canned

240.6

251.2

-4.2%

-4.3%

Frozen

68.0

66.7

+2.0%

+1.8%

Fresh processed

258.6

250.7

+3.1%

+2.8%

Total

567.2

568.5

-0.2%

-0.4%

Europe Zone

The Europe Zone, which accounts for 65.0% of total sales, posted overall Quarter 1 of FY 2024-2025 an evolution of -2.0% on a like-for-like basis* and -1.9% on reported figures.

Bonduelle and Cassegrain branded ambient and frozen segments were particularly buoyant in Quarter 1, with growth in both volumes and value and also gains in market share. On the other hand, private labels business activity experienced a significant one-off downturn: as part of their annual commitments, distributors supply at different moments of the year. Still in ambient and frozen activities, food service also posted a downturn, as the post-covid recovery is now over.

The fresh processed segment (packaged salads) remained down in France, confirming unfavorable consumer trends, while the activity in Germany was largely sustained by high volumes of private label products. In Italy, the business activity was up in the retail sector, with both branded and private label segments and in food service. Despite a difficult Quarter 1 start due to unfavorable summer conditions, the French prepared ready to eat segment continued to grow both in retail and in food service.


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