Bonduelle : H1 underlying operating profit hurt by forex. Initial FY guidance confirmed
>H1 underlying operating profit of € 38.5m (-10.7%) ahead of consensus expectations (€ 36m). Sharp decline in net income of 77% to € 4.5m - H1 2023-24 underlying operating profit largely beat expectations at € 38.5m (vs € 36m for the Visible Alpha consensus and € 34.5m est.) The drop relative to H1 2022-23 is 10.7% due to a negative forex effect of € 12m. On constant currencies, underlying operating profit came in 17.1% higher at € 50.5m. The underlying operating marg...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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