Brief: Bonduelle FY Net Income Up At 57.1 Million Euros

Bonduelle SA

27/09/2021 06:15

Sept 27 (Reuters) - Bonduelle SA  BOND.PA :
    * 2020-2021 ANNUAL RESULTS: BUSINESS ACTIVITY AND
PROFITABILITY
SUSTAINED IN AN ENVIRONMENT SUBJECT TO SANITARY CONSTRAINTS
    * SALES AND PROFITABILITY GROWTH EXPECTED IN 2021-2022
    * WILL PROPOSE A DIVIDEND OF 0.45 EURO AT ANNUAL GENERAL
MEETING
ON DECEMBER 2, 2021, TO BE PAID ON JANUARY 5, 2022
    * STRATEGIC REVIEW OF NORTH AMERICAN LONG LIFE ACTIVITIES
    * AT EUR 2,778.6 MILLION, GROUP'S REVENUE FOR FY 2020-2021
(JULY
1, 2020 - JUNE 30, 2021) IS UP BY + 1.6% ON A LIKE FOR LIKE
BASIS
    * FOR FY 2020-2021, BONDUELLE GROUP'S CURRENT OPERATING
PROFITABILITY STANDS AT EUR 100.4 MILLION CURRENT EXCHANGE RATE
AND EUR 104.3 MILLION AT CONSTANT EXCHANGE RATE COMPARED TO EUR
108.7 LAST FINANCIAL YEAR
    * AIMS TO ACHIEVE GROWTH OF AROUND 3% IN ITS TURNOVER AND A
CURRENT OPERATING MARGIN RATE OF 3.8% TO 4,-% , BOTH AT CONSTANT
SCOPE AND EXCHANGE RATES
    * FY NET FINANCIAL EXPENSE STANDS AT EUR -17.3 MILLION
AGAINST EUR
-25.9 MILLION LAST FINANCIAL YEAR
    * REVIEW, AND RESULTING SCENARIOS, SHOULD ENABLE BONDUELLE
AMERICAS LONG LIFE'S ACTIVITIES TO PURSUE THEIR DEVELOPMENT AND
TO FINANCE INVESTMENTS NECESSARY TO INCREASE ITS PROFITABILITY
    * NET INCOME FOR FY 2020-2021 STANDS AT € 57.1 MILLION,
COMPARED
WITH € 54.6 MILLION  LAST FINANCIAL YEAR

Source text for Eikon:  ID:nGNE4lzyz4 
Further company coverage:  BOND.PA 

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