Bonduelle posts revenue growth and record profits

Bonduelle reported double-digit growth in revenues and profits in fiscal 2016/2017 (year ended 30 June).

The French group, one of the world leaders in the canned and frozen vegetables sector, posted revenues of €2.28 billion (up 16.3% with respect to the previous year) and profits of €59.8 million (+11.4%).

The results received a boost from the acquisition completed in March 2017 of the US firm Ready Pac Foods (four production facilities in California, 3,500 employees and annual revenues of around US $800 million).

European sales (+0.2% in the fiscal year) accounted for 55.8% of revenues, while 44.2% originated from sales in the rest of the world (more than 100 countries), which grew by 45.9%. In Italy, where Bonduelle has two production facilities in S. Paolo d’Argon (BG) and Battipaglia (SA), the group posted revenues of €188 million.

In the year 2017-2018 it is expecting revenue growth of around 3% at constant exchange rates.