Bonduelle: Q1 sales down, but targets confirmed
(CercleFinance.com) - Bonduelle group has announced Q1 2018/2019 sales of 682.
1 million euros, down 1.2% at current exchange rates and down 1% at constant exchange rate and consolidation scope.
Europe, which represented 46.2% of the group's total sales over this period is up slightly; +0.6% at current exchange rates and +0.8% at constant exchange rates and consolidation scope. Meanwhile, outside Europe sales were down 2.7% at current exchange rates (-2.5% at constant exchange rates and consolidation scope).
"Despite a 1st quarter of slight decrease in activity and harvest difficulties in summer 2018, the Bonduelle Group confirms its revenue growth objective of circa 2.5% and current operating profitability of approximately 5%, both at constant exchange rates and excluding new acquisitions in 2018-2019," Bonduelle said regarding its outlook.
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