Report
Fatma Agnès Hamdani

Bonduelle : La forte croissance de rentabilité en Europe n’est pas extrapolable sur le S2

>Ruptures de produits attendues au T4 2020/2021 en Europe - La forte progression de la rentabilité Europe au S1 (+51% avec une marge de 5.4%, +180 pb) est attribuée à la forte dynamique commerciale des activités Conserves et Surgelés en retail, en croissance de respectivement 13% et 20% et la bonne résilience de la rentabilité du frais malgré la baisse des ventes (-11%). Cette belle performance n’est cependant pas extrapolable au S2. Bonduelle avertit de nouveau sur l...
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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