Bonduelle's Strong First Half: Branded Activities Drive Growth and Profitability

The Bonduelle Group, a French S.C.A (Partnership limited by Shares) with a capital of 57 102 699,50 euros, registered under number 447 250 044 (Dunkerque Commercial and Companies Register), has posted impressive financial results for the first half of the 2024-2025 fiscal year. The company's current operating income grew by a strong +17.8% on a like-for-like basis, amounting to 48 million euros at current exchange rates and 47.8 million euros at constant exchange rates compared with 40.6 million euros the previous fiscal year. This growth is a testament to the company's strategic focus on branded activities and operational excellence.

Over the period from July 1 to December 31, 2024, the Bonduelle Group's sales for the 1st half year of fiscal year 2024-2025 amounted to 1,119.4 million euros, compared with 1,139.2 million euros for the 1st half of the previous fiscal year. This represents a slight downturn of -1.5% on a like-for-like basis and -1.7% on reported figures. Despite this slight downturn, the company's branded activities grew by a clear +1.9% over the period, contrasting with the marked decline in the private label segment, which experienced a -6.9% decrease.

The growth in branded activities is a key strategic focus for the company, as announced in their "Transform to win" transformation plan. This plan is based on solid fundamentals, including a modern corporate mission that puts positive impact at the heart of the business activity, flagship brands, and a strong connection with the agricultural sector. The plan aims to prepare for the rebound and acceleration of the group's performance in the coming years.

As part of this transformation plan, the Bonduelle Group has implemented several strategic initiatives that have contributed to its financial results. These initiatives include brand development, operational excellence, reorganization of the business portfolio, return to growth in the United States, and the deployment of a sustainable business model. These initiatives have helped the group achieve its strong growth in current operating income and branded activities, despite a slight downturn in business activity over the 1st half year and an expected negative impact on profitability in the 2nd half year due to the poor agricultural harvest in Russia.

The company's Chief Executive Officer, Xavier Unkovic, has stated that the 2024-2025 1st half year is already posting clear results over the five strategic pillars which represent the solid foundations of the group's transformation between now and 2027. The roadmap is clear, and the company's teams are fully committed to reaching their objectives. The company is gearing up for a spring full of activations, communication on its brands and innovations, which are key factors in its transformation.

In conclusion, the Bonduelle Group's strong financial results for the first half of the 2024-2025 fiscal year are a testament to the company's strategic focus on branded activities and operational excellence. Despite a slight downturn in business activity, the company's branded activities grew by a clear +1.9%, contributing to the group's overall financial performance. The company's "Transform to win" transformation plan, based on solid fundamentals, has helped the group achieve its strong growth in current operating income and branded activities. The company is well-positioned to continue its transformation and achieve its long-term objectives.