Bonduelle: targets sales growth of over 20%

(CercleFinance.com) - The Group posted Q3 2017-2018 (1 January to 31 March) that were up 27.
7%.

The consolidation of the US company Ready Pac Foods contributed +30.4%, while organic growth reached +0.8%.

Over the first nine months of the year, sales growth reached 34.8% as reported and was +1.3% like-for-like.

In Q3, the group's sales in the Europe zone grew by 1.1% as reported and were up 0.9% like-for-like. This growth was fueled mainly by ready-to-eat fresh vegetables, the group said.

Bonduelle now expects sales growth of slightly above 20% at constant exchange rates over the year and is maintaining its target of increasing underlying operating profitability by around +20%, again at constant exchange rates.



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