In the context of an unprecedented health crisis, Bonduelle has decided to suspend its 2019-2020 financial objectives. The company says it’s had mixed business results, with strong demand for canned and frozen foods from mass retailers and high volatility in fresh food, while out-of-home foodservice has collapsed.
“Given the uncertainties generated by the COVID-19 health crisis, the lack of visibility in terms of how it will develop, and therefore the inability to anticipate its impact, the Bonduelle Group is suspending the objectives set forth at the time of publication of the 2019-2020 half-year results, which, as mentioned, did not take into account the effects of the health crisis”, a press release states.
“The group’s top priority is to make workplaces safe, to protect and reassure not only its employees but also its suppliers, partners, and customers.” The company says it took actions to limit the adverse impacts of the COVID-19 crisis and that its structure remains financially healthy, having the means to deal with the potential consequences of the pandemic on its activity.