Bonduelle: Q3 sales down over 1% at E564.9m

(CercleFinance.com) - Bonduelle's Q3 2023-2024 sales reached E564.
9m (1 January to 31 March 2024), down on the previous year (E572.2m) by -1.3% as reported and -1% LFL.

Over the first 9 months of the year, sales totaled E1,778m, down 2.1% on a reported basis, although up 2.8% LFL.

Europe, which accounted for 65.5% of sales over the first 9 months of the year, posted overall growth of +4.4% on a reported basis and +3.9% LFL: Q3 scores were +0.5% and 0% respectively.

Sales outside Europe, representing 34.5% of 9m sales, were down 12.4% as reported and up 1% LFL, with Q3 down 4.7% and 3.0% respectively.

Bonduelle is limiting its sales growth target to between +3% and +4%, while its operating income recurring growth target remains unchanged at around +15% (both growth targets are expressed LFL).


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