Bonduelle : A strategic review of BALL is expected in the coming months
>Sharp fall in profitability outside Europe linked to BFA - At the road show that we held with Bonduelle following the publication of the 2020-21 results, management highlighted that underlying operating profit fell 7.6% on a reported basis and 4% on an organic basis (for sales of +1.6% l-f-l), implying a margin of 3.6%. This reflects in particular a sharp 49% fall in profitability outside Europe to € 29.7m, i.e. a margin decline of 170bp to 2%. The group was particul...Bonduelle is active in the market of processed vegetables both within and outside the European Union. Co.'s business is made up of three activities: canned, frozen and fresh vegetables (prepared and fresh-cut). It distributes its products mostly through retail channels (large supermarkets and stores) and food service sectors (restaurants, inter-company canteens). Some of Co.'s brands are Bonduelle, Cassegrain, Frudesa and Artic Gardens. Co. is organized into two geographic regions and four business segments: Bonduelle Europe Long Life (BELL), Bonduelle Fresh Europe (FRESH), Bonduelle Americas (BAM), and Bonduelle Development (BDV).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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