BONDUELLE - 2013-2014 Annual results
Another Financial Year of growth - Seite 2
Europe Zone
The turnover of the Europe zone (66.7% of the total turnover) recorded an increase of 1.5% on reported figures and + 2.3% on a constant basis*.
The markets remained negatively oriented for most of the technologies and countries of the zone. The turnover growth, and hence of the Bonduelle Group's market shares, in this climate, is to be
found in the innovation policy on branded products in cans (Bonduelle "Vapeur" and Cassegrain ranges), but also in frozen ("Vapeur" range) and in fresh ready to use (delicatessen snacking
range).
The frozen activity, while performing very well in brands in the retail sector, remains penalised by a gloomy food service market.
The fresh processed activity returned to growth (+ 1.5%* against - 1.7%* last FY), with a 4th quarter particularly
dynamic : + 5.6%, highlighting the success of the meal offer concept in delicatessen, but also of the entire range in France, the beginning of a recovery in Italy and the solid sales of the
Bonduelle brands in France for the fresh-cut packaged salads segment.
Non-Europe Zone
Heavily impacted by the exchange rates, the non-Europe zone (33.3% of the total turnover) nevertheless recorded once again an excellent year: + 12.4% on a constant basis*, against + 8.6% last
FY.
The activity in Eastern Europe, Ukraine excluded, remained very robust. The dynamism of the sales teams, the development of direct sales to key accounts and in region the opening of logistics
warehouses have, once again, enabled the group to increase, in this zone, its market shares, especially for the Bonduelle and Globus brands.
In Northern America, the strong sales performance in Canada both in the canned and frozen segments and the increased volumes in the frozen division in USA, enabled to generate strong growth and to
ensure the optimisation of the production programmes of the tools acquired in 2012. Brazil continues its expansion and is now close to industrial production capacity saturation.
Current Operating Profitability
(in € millions) |
2013 - 2014 Current Exchange Rates |
2013 - 2014 Reported Figures |
2012 - 2013 Reported Figures |
Variation Current Exchange Rates |
Turnover | 1,995.7 | 1,921.1 | 1,896.1 | + 5.3% |
Current Operating profitability | 109.3 | 102.7 | 105.6 | + 3.5% |
Current Operating margin | 5.5% | 5.3% | 5.6% |
Current operating profitability hit a record high at constant exchange rates
The Bonduelle Group's operating profitability reached € 102.7 M for FY 2013 - 2014. Recalculated with 2012 - 2013 exchange rates, the latter stood at € 109.3 M against € 105.6 M, an increase of 3.5% exceeding the announced objective of € 106 - 107 M at constant exchange rates.