Brief: Bonduelle FY Current Operating Profitability Down At At Eur 96.6 Mln

Bonduelle SA

03/10/2022 06:10

Oct 3 (Reuters) - Bonduelle SA  BOND.PA :
    * FY 21-22 NET FINANCIAL EXPENSE STANDS AT EUR -17.6 MILLION
AGAINST EUR -17.3 MILLION LAST FINANCIAL YEAR (REFILES TO CHANGE
CODING)
    * 21-22 ANNUAL RESULTS: BUSINESS GROWTH AND PROFITABILITY
MAINTAINED IN A PARTICULARLY ADVERSE ENVIRONMENT
    * MINOR DECLINE IN PROFITABILITY DUE TO THE ENVIRONMENT AND
THE
DIFFICULTIES IN THE NORTH AMERICAN FRESH READY-TO-USE OPERATING
SEGMENT
    * STRONG FINANCIAL POSITION, STRENGTHENED BY CAPITAL OPENING
OF
NORTH AMERICAN LONG LIFE BUSINESS ACTIVITY
    * OVERALL GROWTH DRIVEN BY LONG LIFE BUSINESS ACTIVITIES
(CANNED
AND FROZEN)
    * GROUP IS EMBARKING ON 2022-2023 FINANCIAL YEAR WITH
APPROPRIATE
CAUTION WHILE CONTINUING ITS TRANSFORMATION
    * GROUP'S NET INCOME FOR FY 2021-2022 STANDS AT EUR 35.4
MILLION
COMPARED WITH EUR 57.1 MILLION, LAST FINANCIAL YEAR
    * OUTLOOK: IS TARGETING A REVENUE GROWTH, INTEGRATING PRICE
INCREASES AIMED AT OFFSETTING COST INFLATION, FROM 8 TO 11% AND
A CURRENT OPERATING MARGIN STABLE AT 2.5%, REPRESENTING AN
INCREASE IN CURRENT OPERATING PROFITABILITY CLOSE TO 15%
    * FOR FY 2021-2022, BONDUELLE GROUP'S CURRENT OPERATING
PROFITABILITY STANDS AT EUR 96.6 MILLION AT CONSTANT EXCHANGE
RATE COMPARED TO EUR 100.4 LAST FINANCIAL YEAR
    * AT EUR 2,891.7 MILLION, GROUP'S REVENUE (EXCLUDING EFFECT
OF
IFRS 5), INCLUDING LONG LIFE BUSINESS ACTIVITIES IN NORTH
AMERICA, INCREASED BY +1.8% ON A LIKE FOR LIKE BASIS(1) AND
+4.1% ON REPORTED FIGURES (EXCLUDING EFFECT OF IFRS 5) OVER FY
2021-2022

Source text for Eikon:  ID:nGNX9sjPhL 
Further company coverage:  BOND.PA 
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