Overview
French vegetable producer's H1 revenue declined 0.7% on reported figures, but rose 0.3% like-for-like
Net income from continuing operations increased by 18.5% yr/yr
Consolidated net income improved significantly due to salad business disposal
Outlook
Bonduelle targets operating profitability of 80 mln euros for fiscal year ending June 2026
Result Drivers
BRAND GROWTH - Growth of Cassegrain brand in France and Bonduelle brand in emerging markets contributed to sales
COST MANAGEMENT - Initiatives to improve industrial performance and manage costs supported operating income
DISPOSAL IMPACT - Disposal of loss-making salad business positively impacted net income
Company press release: ID:nGNEbgMWhr
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
EUR 1.11 bln
H1 Net Income
EUR 56.5 mln
H1 Current Operating Income
EUR 50.5 mln
H1 EBIT Margin
4.5%
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for Bonduelle SA is €9.30, about 6.9% below its February 25 closing price of €9.99
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)