Bonduelle : Q3 sales broadly in line with our estimates. FY guidance maintained despite the context
>Weaker organic growth than expected of 4% (vs 5.2%) due to the continuing sales decline at BFA - Q3 2021-22 sales were broadly in line with our estimates at € 725.9m (vs € 722.4m est.), up 7.6%, including a higher positive forex effect than expected at 3.6%. Organic growth stood at 4%, a little weaker than expected (5.2% est.) and reflects in particular lower growth outside Europe. This is broadly reflected in strong sales growth in canned and frozen food with 9.6% a...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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