Bonduelle : Slight sales decline expected in Q4 2019-20 after an exceptionally robust Q3
>Q4 sales forecast to show a slight decline of 1% in organic terms vs +2.4% estimated previously - Bonduelle will report its Q4 2019-20 sales on 3 August after trading. We now forecast a slight organic drop in sales of 1% (vs +2.4%e before). This reflects in particular:Growth in canned food sales of +5.4%e. Business in Europe and North America is likely to have suffered from volatility in canned food purchasing in supermarkets, with destocking after the gradual l...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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