BONDUELLE - 2013-2014 Annual results
Another Financial Year of growth
BONDUELLE
A French SCA (Partnership Limited by Shares) with a capital of 56,000,000 Euros - Head Offices: La Woestyne 59173 Renescure, France
Business registration number: B 447 250 044 (Dunkerque Registrar of Businesses) - finance@bonduelle.com
2013-2014 Annual Results
Another FY of growth for the activity
and current operating profitability*
above annual target
-
Annual turnover rose sharply
-
Current operating profitability growth at constant exchange rates
-
Net result decline due to non-recurring items
-
Strengthening of the group's financial structure
-
Development project in North America
On the 26th of September 2014, the Supervisory Board, under the chairmanship of Isabelle Danjou, reviewed the statutory and consolidated financial statements for FY 2013 - 2014 as presented by the Executive Board and certified by the company's statutory auditors.
Consolidated Accounts in millions of Euros |
2013 - 2014 | 2012 - 2013 | Variation |
Turnover | 1,921.1 | 1,896.1 | + 1.3% |
Current Operating Profitability | 102.7 | 105.6 | - 2.8% |
Operating Profit | 66.6 | 103.- | - 35.3% |
Net Result (group part) | 15.2 | 52.1 | - 70.7% |
Commenting on the year's results, the President, Christophe Bonduelle said, « This FY year, negatively affected by the exchange rate volatility and the outcome of the procedure laid down by the European Commission, nevertheless, marks an important step towards our VegeGo! vision for 2025, with an outstanding growth of the turnover and the current operating profitability at constant exchange rates and a significant improvement in our financial structure. 2014 - 2015 should again show a profitability growth, our sound financial health allowing us to consider new development projects as shown by our acquisition project in western North America. »
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Turnover
Annual turnover rose sharply and exceeded the announced objective
The group's turnover for FY 2013 - 2014 (1st of July 2013 - 30th of June 2014) reached € 1,921.1 M, compared with € 1,896.1 M last FY, an increase of 1.3%.
After adjustment for currency exchange rates (- 3.7% or € 66.2 M, 35.1% of the group's turnover being denominating in foreign currencies) and scope of consolidation (- 0.5%), the organic growth*
reached + 5.5% against + 1.9% the previous year. This strong growth in activity reflects the pertinence of the group's internationalization: resilience in Europe (+ 2.3%* against - 0.8%* last FY),
returning to positive growth and outstanding growth outside Europe (+ 12.4%* against 8.6%* last FY). Consequently, the turnover is well in excess of the announced objective at constant exchange
rate: + 4% thanks to a growth improvement observed from quarter to quarter and a particularly solid 4th quarter: +
6.5%*.