Report
Fatma Agnès Hamdani

Bonduelle : CA T2 2018/19 : proches de nos attentes. Objectif de croissance organique annuelle du CA un peu abaissé à nulle vs +1 à +2%

>Croissance organique de -1% (vs -0.3%), pénalisée par le recul du frais aux US. La croissance s’accélère en Europe à +2.4% - Au titre du T2 2018/19, Bonduelle a publié hier soir un CA T2 proche de nos attentes. Les ventes déclinent de -0.7% à 724.5 M€ (vs 734.2 M€e). La croissance organique ressort à -1% vs -0.3%e en raison d’une croissance plus faible du frais en Amérique du Nord.Par zone, les évolutions sont :Europe (46% du CA et EBIT) : CA de 327.2 M€...
Underlying
Bonduelle SCA

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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fatma Agnès Hamdani

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