Bonduelle : 2023-24 earnings hit by BFA asset write-downs, 2024-25 looks set to be a transition year ahead of the transformation plan
>Underlying operating profit at € 75.3m, beating expectations, lower loss in non-Europe, attributable net profit at -€ 119.3m, hurt by heavy asset write-downs - Bonduelle reported underlying operating profit of € 75.3m, up 14.3% on a reported basis and 30.5% on an organic basis, 7.5% above expectations (€ 70m), thanks to higher profitability in the non-Europe region. The underlying operating margin stood at 3.2%, up 44bp (+74bp l-f-l), on the back of the industrial e...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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