Bonduelle Group reported revenues of EUR684.3m in sales of vegetable products during the first quarter of the 2019-20 fiscal year period of July 1- September 30, 2019. Frozen and canned sales posted solid growth in both North America and Europe, according to the official statement.
The growth of revenue for the Europe zone, representing 46.4% of the business activity over the period, posted an increase of 0.9% both on a like-for-like basis and on reported figures.
Growth was primarily driven by a strong performance by the frozen and canned operating segments, partially offset by the business activities of the fresh ready-to-use and fresh ready-to-eat segments, with a slight decrease due, in particular, to a weaker performance for the fresh segment in Germany.
As for the non-Europe zone revenue, which represents 53.6% of the group’s revenue, it amounted to EUR366.5m, down -3.3% on a like-for-like basis and -0.1% on reported figures.
Even so, frozen and canned business activities posted solid growth in North America and Eurasia, boosted by the rise of the packaging activity of Lebanon in the U.S., and coupled with a strong brand activity in Russia, mainly for the Boundelle brand. In Russia, the Belgorod plant started production in September, in accordance with the initial schedule.