FDBusiness.com

Bonduelle Predicts Growth Despite Profits Fall

 Breaking News
  • Younger British Consumers Turn Over a New Leaf on Tea New research from Mintel reveals that as many as 37% of British consumers aged 25-34 have drunk 5-6 different types of tea at home or in the workplace over the past month*, compared to just 3% of those aged 55+. Furthermore, Brits aged 25-34 are the most likely to drink every variety of tea tracked by [...]...
  • Irish Consumer Confidence Hits New High Consumer confidence in Ireland has hit its highest level since the recession and is now the fourth most confident country in Europe, according to the latest Nielsen Global Survey of Consumer Confidence and Spending Intentions. The Republic of Ireland’s Consumer Confidence Index score – which measures attitudes each quarter on topics including personal finances and job prospects [...]...
  • Fifth Acquisition For Frutarom in 2017 Frutarom Industries, one of the world’s 10 largest companies in the field of flavours and natural specialty fine ingredients, continues its momentum of acquisitions and the implementation of its rapid and profitable growth strategy by agreeing to purchase of 100% of the shares of the UK company Flavours and Essences (UK) Ltd (F&E) for approximately [...]...
  • Market-leading Food Contact Conference, Plastics & Paper in Contact with Food – 4-7 December, Berlin Over 200 experts from across the food contact industry will come together in Berlin, Germany from 4–7 December 2017 to attend Smithers Pira’s Plastics & Paper in Contact with Foodstuffs (P&P) –http://www.food-contact.com/plastics-paper. With the European Commission having recently published EU regulation 752/2017 amending EU Regulation 10/2011 on plastic materials and articles intended for food contact, all [...]...
  • Croxsons’ Stunning Black Bottle For 6 O’Clock Gin’s Limited Edition Debut Leading glass packaging company Croxsons has supplied Bristol based distiller, 6 O’Clock Gin, with a stunning black bottle for their first limited edition gin product – the Brunel Edition. Since Bramley & Gage’s partnership with Croxsons for the re-launch of their 6 O’Clock gin, the Brunel Edition is the first limited edition gin for 6 O’Clock [...]...
  • Carlsberg Group Remains on Course Carlsberg Group has announced organic and reported net revenue growth of 2% to DKr31.77 billion (€4.27 billion) for the first half of 2017 although group beer volumes fell organically by 3%, chiefly due to a decline in Russia. Operating profit was up 15% organically, with all three regions – Western Europe, Eastern Europe and Asia [...]...

Bonduelle Predicts Growth Despite Profits Fall

Bonduelle Predicts Growth Despite Profits Fall
October 04
09:50 2011

Bonduelle, world leader in processed vegetables, has reported at 10.7% rise in turnover to Eur1.73 billion for the year ended June 30th 2011 but operating profit before taxes dropped 22.8% to Eur80.7 million. The sales growth reflected a full year contribution from the consolidation of France Champignon, Europe’s largest mushroom producer, and the positive impact of currency exchange factors. On a like-for-like basis, group turnover rose by 0.6% against a 2.2% drop in the previous year.

 

A fall in canned vegetable prices inEurope, poor harvests in 2010, which resulted in additional productions costs and shortages, combined with unfavourable exchange rates impacted operating profitability. Reflecting the decline in operational profitability, group net profits slumped 47.9% to Eur30.4 million.

 

Although profitability declined in 2010/2011, Bonduelle continued to invest in developing the business and enhancing its competitiveness. During the financial year, the French group commenced commercial operations in Brazil, introduced mechanical mushroom cutting and developed its mushroom range under the Bonduelle brand in several European countries, and opened the largest bagged salad processing plant in Europe, at San Paolo in Italy, to support its growth in the chilled vegetables market. Bonduelle also established an industrial joint venture in Spain with Ardo, Europe’s leading player in the frozen vegetable market, while inFrance it opened a fully automated high-rise cold store for storage and preparation of frozen vegetables orders.

 

Despite the renewed uncertainty due to the current, international economic situation, Bonduelle is forecasting recovery in respect of internal growth of 3-5% and an increase of 40% in operating profitability to Eur95-100 million in its current financial year, while increasing marketing investments by about Eur10 million.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2017drinktec
  • September 13, 2017FI Asia
  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements