Bonduelle jumps on strong H1 operating profit growth

Bonduelle SA

03/03/2023 08:38

** Shares in Bonduelle  BOND.PA  jump 6% after the French
plant-based food maker posted strong growth in H1 operating
profit and maintained its FY targets
    ** Midcap Partners points to H1 results above its forecasts,
with Portzamparc analysts highlighting better-than-expected
operating result
    ** "Price increases, mainly in long storage technologies
(canned and frozen), have offset cost inflation," Portzamparc
says
    ** The group's H1 current operating income came in at 43.1
million euros ($45.77 million), up 56% from a year earlier,
while its operating margin increased by 94 bps to 3.5%
    ** The stock is on track for best day since October 2022

($1 = 0.9417 euros)

 (Reporting by Federica Mileo in Gdansk)
 ((Federica.mileo@thomsonreuters.com))