Bonduelle : Q3 penalised by demanding comparative bases especially in Europe. Full-year guidance maintained
>Q3 organic sales contraction of -6% vs -2.9% estimated due to a sharper-than-expected fall in sales in Europe - Bonduelle published its Q3 2020-21 sales yesterday evening, which were 4% below our estimate at € 674.6m, i.e. -11.4% on a reported basis. The organic decline in sales was sharper than expected, at -6% vs -2.9%, hit as expected by a very high comparative base, especially in March in Europe. As a reminder, due to the health crisis, this period in 2020 was m...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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