Bonduelle: Full-year earnings up 20.9%

(CercleFinance.com) - Bonduelle reported FY 2017-2018 sales of 2,776.
6 million euros to 30 June, compared with 2,288.1 million euros in the previous year, up 21.4% as reported.

Current operational profitability is 123.6 million euros, up 14.2% as reported. This underlying operating profitability enables an underlying operating margin of 4.5%, up 60 bp at a constant consolidation scope.

Group operating profit came in at 119 million euros, up 18.8 %. Net income reached 72.3 million euros, up 20.9%, representing 2.6% of sales.
The group confirms its VegeGo! Medium-term sales growth target of 5% p.a., balanced between organic and external growth, with 7.5% annual growth in its underlying operating profitability.

In spite of difficult weather conditions in the summer of 2018, Bonduelle has set itself a target of 2.5% growth in revenues at constant exchange rates.



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