Bonduelle: H1 net income up 8%

(CercleFinance.com) - Bonduelle has reported net income of 31.
9 million for the first half of 2020-21, up 8.3%, with an underlying operating margin of 3.9%, representing a limited decline y-o-y.

The agri-food group, which In particular makes tinned fruit and vegetables, posted revenue of 1.4 billion euros, which is pretty flat (-0.1%) on a reported basis and up 3.9% on a like-for-like basis, with the difference due to adverse FX factors.

Given the resilience of business in the first half of the year, although the high degree of uncertainty relating to the current situation, Bonduelle targets sales growth of 1% to 2%, with an underlying operating margin of 3.6%-3.8% at constant exchange rates and consolidation scope.


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