Bonduelle Predicts Growth Despite Profits Fall

 Breaking News
  • 2 Sisters and Standards in Poultry Processing Report Published The Environment, Foods and Rural Affairs Committee in the UK has published its report into 2 Sisters Food Group and Standards in Poultry Processing. The Committee launched an inquiry into 2 Sisters and poultry standards following the undercover footage released by The Guardian and ITN. The evidence sessions looked at the issues raised at the 2 [...]...
  • ADM Wins ‘Most Innovative Food Ingredient’ at Gulfood Excellence Awards Archer Daniels Midland Company has been awarded ‘most innovative food ingredient’ for its natural sweetening solution, Fruit Up® Fiber, at this year’s Gulfood Manufacturing Industry Excellence Awards. The awards recognize best practices and innovation within the food manufacturing industry value chain. Entries were judged on the additional value the innovations brought to developers, as well as [...]...
  • Bayn Europe Enters China Sugar Reduction Market Bayn Europe has signed a strategic framework agreement with Kong Wua Group in China, outlining the establishment of a R&D center for sugar reduction and production of sugar replacer solutions. Through the agreement, Bayn and Kong Wua will bring sugar replacer solution to the market to help tackle the sugar over-consumption social problems. “It is important [...]...
  • It’s Time to End Food Waste – White Paper Among the most interesting topics in the publication ‘It’s time to end food waste’ is a closer look at the psychology of food waste by Nina Waldhauer at the University of Wageningen. Waldhauer explains how “(…) the food sector business can create opportunities for reducing consumer-related food waste. It can be done in ways that acknowledge consumer´s goal [...]...
  • Orkla Sells K-Salat to Stryhns Orkla Foods Danmark has agreed to sell its K-Salat business to Stryhns, which is part of the Norwegian Agra group. The purpose of the sale is to concentrate Orkla’s activities on fewer categories. K-Salat has a product portfolio of salad spreads, mayonnaise, remoulade, dressings and potato salads in Denmark. Under the agreement, Stryhns will take over [...]...

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



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 28, 2017Fi Europe
  • December 4, 2017Plastics and Paper in Contact with Foodstuffs 2017
  • January 8, 2018RAI Exhibition
  • January 16, 2018Sival Plant Production Trade Show
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here