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Bonduelle - Quarter 3 FY 2024-2025 Sales: The Bonduelle Group confirms its annuals objectives and posts stability in its business activity for Quarter 3
Globenewswireยท 2025-05-06 16:00
Core Viewpoint - The Bonduelle Group reported stable sales for Quarter 3 of FY 2024-2025, confirming its annual objectives despite slight declines in overall sales for the first nine months of the fiscal year [3][4][19]. Sales Performance - Sales for Quarter 3 (January 1 - March 31, 2025) were 529.3 million euros, showing a slight increase of 0.3% compared to the previous year [3][6]. - For the first nine months of FY 2024-2025, total sales amounted to 1,648.7 million euros, reflecting a decline of 1.1% on both reported and like-for-like bases [4][6]. Geographical Performance - The Europe Zone, accounting for 60.7% of business activity, experienced a decline of 5.0% in sales on reported figures and 5.2% on a like-for-like basis for the first nine months [9][10]. - The Non-Europe Zone, which represents 39.3% of business activity, saw an increase of 5.7% on reported figures and 6.0% on a like-for-like basis during the same period [11][12]. Segment Performance - Canned products sales decreased by 6.0% for the first nine months, while frozen products saw a slight decline of 0.7%. Fresh processed products, however, grew by 5.9% [8]. - In Quarter 3, canned products sales fell by 4.4%, frozen products by 4.0%, while fresh processed products increased by 8.4% [8]. Strategic Developments - The Bonduelle Group is in the process of selling its packaged salad business in France and has already sold the German segment to Taylor Farm, which represented sales of 60 million euros [15][16][17]. - The planned downsizing of Bonduelle Frais France includes the closure of the Saint-Mihiel plant by February 28, 2025, and a voluntary redundancy plan for the Genas head office [14]. Outlook - Despite challenges such as difficult harvests in Russia impacting profitability, the Bonduelle Group aims to stabilize sales and maintain recurring operating income for the fiscal year [19].