BONDUELLE - 2024-2025 First Half Year Sales : Growth in branded activities and group's sales in slight downturn

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BONDUELLE
BONDUELLE

BONDUELLE

Head office: "La Woestyne" - 59173 Renescure - France
Bonduelle a French S.C.A (Partnership limited by Shares) with a capital of 57 102 699,50 euros
Registered under number : 447 250 044 ( Dunkerque Commercial and Companies Register)

2024-2025 First Half Year Sales
(July 1 - December 31, 2024)

Growth in branded activities and group’s sales in slight downturn

Over the period from July 1 to December 31, 2024, the Bonduelle Group’s sales for the 1st half year of fiscal year 2024-2025 amounted 1,119.4 million euros compared with 1,139.2 million euros for the 1st half of previous fiscal year, -1.5% on a like-for-like basis* and -1.7% on reported figures. Currency trends had a marginal impact on sales evolution (-0.2%).

In value, the clear +1.9% growth in branded activities over the period confirms the strategic importance of brand development, as announced in the group’s “Transform to win” transformation plan last October, and contrast with the marked decline in the private label segment: -6.9%.

In accordance with IFRS 5, the income statements relating to the packaged salad activity in France and Germany, whose planned disposal was announced on August 29, 2024 will be gathered in the income statement of the reported financial statements under “net income from discontinued operations”. In accordance with IFRS 5, sales reported in the consolidated income statement will therefore exclude the activity held for sale.

Given the transfer date not yet effective, total sales by region and operating segments on a like-for-like basis* are also presented in the appendix.

Sales evolution in accordance with IFRS 5, i.e. excluding sales of the packaged salad activity in France and Germany, for the restated 2023-2024 first half year and 2024-2025 are presented and commented below.


Activity by Geographical Region

Total consolidated sales
(in millions of euros)

1st half year
2024-2025

1st half year
2023-2024

Variation Reported figures

Variation Like-for-like basis*

2nd quarter 2024-2025

2nd quarter 2023-2024

Variation Reported figures

Variation Like-for-like basis*

Europe Zone

672.3

712.6

-5.6%

-5.8%

340.3

375.0

-9.3%

-9.5%

Non-Europe Zone

447.1

426.6

4.8%

5.8%

248.3

233.5

6.4%

8.5%

Total

1,119.4

1,139.2

-1.7%

-1.5%

588.6

608.4

-3.3%

-2.6%


Activity by Operating Segments

Total consolidated sales
(in millions of euros)

1st half year
2024-2025

1st half year
2023-2024

Variation Reported figures

Variation Like-for-like basis*

2nd quarter 2024-2025

2nd quarter 2023-2024

Variation Reported figures

Variation Like-for-like basis*

Canned

554.7

594.7

-6.7%

-6.4%

314.1

343.5

-8.6%

-8.0%

Frozen

150.4

148.9

1.0%

0.9%

82.4

82.2

0.2%

0.1%

Fresh processed

414.3

395.6

4.7%

5.1%

192.1

182.7

5.2%

6.4%

Total

1,119.4

1,139.2

-1.7%

-1.5%

588.6

608.4

-3.3%

-2.6%

Europe Zone

The Europe Zone, which accounts for 60.1% of the business activity over the period, posted for the whole first half year an overall evolution of -5.6% on reported figures and -5.8% on a like-for-like basis*, mostly due to the significant sales drop in private label canned activities, caused by delays in contracted volume deliveries by major customers.