Report
Fatma Agnès Hamdani

Bonduelle : CA T3 2018/19 faible avec une croissance organique de -2%. Révision à la baisse de l’objectif annuel de ROC de 3%

>Croissance organique de -2% vs -1.3%e, avec l’Europe à -1.5% - Les ventes du T3 2018/19 ressortent 2% en dessous de nos attentes. Le CA de 675.6 M€ (vs 690.7 M€e) est en légère hausse de 0.4%, soutenu par un forex positif (moins élevé qu’attendu), un effet périmètre (Del Monte au Canada et de Lebanon aux US), tous deux de +1.2%. La croissance organique est plus faible qu’escompté à -2% (vs -1.3%e) du fait du recul de la croissance en Europe affectée par le décalage ...
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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