Bonduelle : Still uncertainties and challenges to overcome
>FY 2022-23 guidance subject to conditions - In FY 2022-23 Bonduelle is aiming for organic sales growth between 8% and 11% and underlying operating profit of € 60m, implying a margin of 2.5% (vs 2.4% in FY 2021-22) at constant FX and scope. We understand however that this guidance depends in particular on: 1/ further price increases, in particular in Europe to counter inflation, including in energy and freight prices (+8.5% in the US and +9.1% in Europe y-o-y at end-...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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