BONDUELLE - First Quarter FY 2018-2019 Revenue
activity supported by the resilience of the Europe Zone - Seite 2
The growth of revenue for the Europe Zone, representing 46.2% of the business activity over the period, posted an increase of +0.8% on a like for like basis(1) and +0.6% on reported data. The rather hot summer, observed in Europe, had a positive impact on the sales of summer products (sweetcorn, delicatessen/fresh salads) recording a solid growth over the period, notably the national branded products.
Non-Europe Zone
The revenue of the Non-Europe Zone, representing 53.8% of the revenue of the group, was down -2.5% on a like for like basis(1) and -2.7% on reported data.
In Russia, the poor harvests recorded have affected the Globus brand and private label sales, delivering a limited profitability. However sales of the Bonduelle brand recorded a solid
growth.
The business activity in North America was slightly down excluding changes in scope of consolidation, linked to the discontinuation of non-profitable product ranges within the Bonduelle Fresh
Americas (BFA) business unit coupled with some temporary time lags in the completion of some sales contracts with canned and frozen food manufacturers of the Bonduelle Americas Long Life (BALL).
The Del Monte business activity, acquired in July 2018; accounted for +1.-% of the total growth of the group, as anticipated.
Other significant information
Offer of payment of the dividend in shares - Bonduelle to propose the payment of dividend paid in shares during its Shareholders' Meeting that will take place on December 6, 2018.
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It will be proposed to the SCA Shareholders' Meeting of December 6, 2018, for the period ending June 30, 2018, a dividend distribution of € 0.50 per share, an increase of 11%.
To reward the loyalty of its shareholders, and on the recommendation of the Supervisory Board, the Pierre et Benoit Bonduelle SAS company, acting as Managing Director and General Partner for the
Bonduelle SCA and represented by Christophe Bonduelle, its Chairman, has also decided to propose to the Shareholders' Meeting an option to have the dividend paid in shares, offering the
shareholders an option between payment of the dividend in cash or in shares. The offer price per share received as a dividend will be equal to 90% of the average share price over the 20 trading
days prior to the Shareholder's Meeting, after deduction of the net dividend amount(2).