France's Bonduelle half-year profit falls on poor harvest

Bonduelle SA

01/03/2019 07:13

March 1 (Reuters) - French vegetable producer Bonduelle
 BOND.PA  on Friday posted an about 8 percent drop in half-year
net profit, due to poor harvest in Europe last year.
    The consolidated net profit for the first half of 2018-19
fell 7.6 percent to 37.7 million euros ($42.83 million), the
company said in a statement. 
    The Group said its business outside Europe was impacted by
the downsizing of the fresh activities in North America. 
    Bonduelle expects the full-year group's profitability
objective at constant exchange rates at the lower range of the
initially announced target of 128 million euros to 133 million
of euros, citing the harvest impact and the difficulties in
negotiating with distributors, the statement added.
    
   


($1 = 0.8801 euros)

 (Reporting by Michal Aleksandrowicz; Editing by Rashmi Aich)
 ((michal.aleksandrowicz@thomsonreuters.com; +48 58 772 0415;
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