Report
Fatma Agnès Hamdani

Bonduelle : CA T4 2019/20 proche du consensus mais en deca de nos attentes

>Une croissance organique en retrait de 6% vs -1%e - Au titre du T4 2019/20, Bonduelle a publié hier soir un CA de 651.4 M€ en baisse de 6.3% en publié. C’est légèrement au-dessus du consensus (650.2 M€) mais bien en-dessous de notre estimation de 685.6 M€ (-1.3%) En organique, l’activité baisse plus fortement que notre attente de 6% vs -1%e en raison du fort retrait de la zone Hors Europe, celle-ci est plombée par l’arrêt du Food service pour le surgelé et surtout ...
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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