Bonduelle : Q4 sales close to expectations. FY 2022-23 margin guidance confirmed
>Q4 sales in line at € 590.7m with organic growth of 4% vs 4.2%e - Q4 sales were in line with expectations at € 590.7m (€ 586m est.), up 5.2% with 1.2% due to forex. Organic growth came to 4%, close to our expectations at 4.2%e and implying full-year growth in FY 2022-23 of 5%, in line with the guidance. Q4 sales were supported by price increases, in particular in Europe where organic growth was 9.5% (vs 9%e) for reported Q4 sales of € 392.2m. As expected, volumes wer...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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