Brief: Bonduelle FY Net Income Down At EUR 14.5 Mln

Bonduelle SA

29/09/2023 17:00

Sept 29 (Reuters) - Bonduelle SA  BOND.PA :
    * FY TURNOVER EUR 2.41 BILLION, UP +9.2% VERSUS YEAR AGO
    * FY OPERATING INCOME EUR 65.9 MLN, UP +24.8% VS YEAR AGO
    * FY NET RESULTS EUR 14.5 MLN, DOWN -59.1 VS YEAR AGO
    * CURRENCY FLUCTUATIONS HAD A POSITIVE IMPACT OF +4.2% ON
THE
GROUP'S GROWTH, WITH A STRONGER US DOLLAR AND RUSSIAN RUBLE
    * FY OPERATING MARGIN BEFORE NON-RECURRING ITEMS 2.7%,
EXCEEDING
TARGET
    * OUTLOOK: FURTHER GROWTH IN SALES AND PROFITABILITY IS
EXPECTED
IN 2023/2024
    * IN EURASIA, CANNING BUSINESS WAS IMPACTED BY GEOPOLITICAL
CONTEXT, WITH AN OVERALL DECLINE IN VOLUME
    * FOR SAFETY REASONS, BELGOROD FROZEN FOOD PLANT IN RUSSIA
HAS
BEEN SHUT DOWN FOR 2023 CAMPAIGN, PROCESSING ACTIVITY BEING
SUBCONTRACTED DURING THIS PERIOD
    * OUTLOOK: TARGETS SALES GROWTH OF AROUND 5% FOR 2023-2024,
AROUND
EUR 2.53 BILLION
    * OUTLOOK: 2023-2024 OPERATING MARGIN IN EXCESS OF 3%,
MEANING A
RECURRING OPERATING PROFITABILITY OF BETWEEN EUR 75 AND 80
MILLION

Source text for Eikon:  ID:nGNE2l2jr 
Further company coverage:  BOND.PA 

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