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Quarter 3 FY 2022-2023 Revenue

Consumption slowdown weighs on Bonduelle revenue growth for Quarter 3

The Bonduelle Group's revenue stands for Quarter 3 of FY 2022-2023 at € 572.2 million, a change from the previous financial year of +4.7% based on reported figures and +3.6% on like for like basis* after taking into account currency fluctuations, linked to a slight appreciation of the US dollar during the quarter. No change in the group's scope of consolidation occurred over the period. Over the 9 first months, the revenue stands at € 1,815.5 million, up +10.6% on reported figures and +5.3% on like for like basis.

Changes in the governance of the Bonduelle Group
The Bonduelle Group has announced on May 2, 2023 the departure from general management, by mutual agreement, of Guillaume Debrosse, who was appointed Chief Executive Officer in April 2018. Guillaume Debrosse's successor will be appointed in the coming weeks, and will take up his position on June 1, 2023. In the meantime, Christophe Bonduelle, Chairman of the Board of Directors, will assume the role of Chief Executive Officer, with the support of Guillaume Debrosse during this transition period.

In addition, Pierre and Benoît Bonduelle SAS company, General Manager of Bonduelle SCA, will henceforth be represented by its legal representative, Christophe Bonduelle.

2022-2023 Outlooks
In an environment of continuing inflation and social tensions in certain countries, food consumption underwent a significant downturn in Quarter 3, which was reflected in the group's sales performance. In this highly volatile environment, and taking into account the performance of the first 9 months of the year, the Bonduelle Group is targeting for the financial year, a revenue growth of around 5% fueled by mandatory price increases in a still inflationist environment and confirms its objective of a stable current operating margin compared with the previous financial year, both at constant exchange rates and scope of consolidation.

 

Click here to read the full PR.

For more information:
Bonduelle
La Woestyne 59173
Renescure, France
www.bonduelle.com

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