BONDUELLE
Head office: "La Woestyne" - 59173 Renescure - FranceBonduelle a French S.C.A (Partnership limited by Shares) with a capital of 57 102 699,50 eurosRegistered under number: 447 250 044 (Dunkerque Commercial and Companies Register)
Bonduelle is launching its 3 year transformation program
During a press conference on October 7, 2024, the Bonduelle Group will present its 3 year transformation program "Transform to win" as well as its FY 2023-2024 financial and extra-financial performances.
"Transform to win" is based on a solid strategic review of business activities and aims at restoring the group's ability to develop as a successful and attractive B Corp company.
The Bonduelle Group closed its fiscal year with higher annual sales and a current operating income above the guidance(1) and is forcasting a stable business activity and profitability for FY 2024-2025(1).
Message from Xavier Unkovic - Chief Executive Officer:
"Transformation is at the heart of our business model, which has been able to reinvent itself in response to the challenge it has faced for over 170 years. Driven by powerful fundamentals - the strong commitment of our teams, healthy and delicious products carried by iconic brands, and our positive impact ambition - the Bonduelle metamorphosis takes on a new dimension.
We operate in a global environment marked by economic and geopolitical uncertainties, consumer tensions and erosion of purchasing power. Facing these challenges, we have kept our commitments and confirmed our ambition to deploy a sustainable business model. With targeted innovations and relevant activations, our brands are expanding.
The coming year will be an important period of transition as we roll out our transformation plan to prepare for a rebound and then an acceleration in our performance in the years ahead."
"Transform to win", a transformation supported by 5 pillars:
After a year at the head of the group, which allowed a strategic review of its business activities, Xavier Unkovic announces the launch of a vast transformation program. "Transform to win", deployed throughout the Bonduelle Group.
This work has confirmed the relevance of the group's mission regarding plant-rich food and that it operates in attractive market segments in line with strong consumer trends.
The "transform to win" program is built around 5 strategic pillars:
Performance
Brands and innovations
Key geographies
Operational and organizational efficiency
Positive impact.
This 3 year plan will create the conditions for transition, then a rebound, and finally an acceleration of the company's performance around an organization aligned with shared objectives and ambitious strategic planning.
Financial performance
On October 4, 2024, the Supervisory Board, under the chairmanship of Martin Ducroquet, reviewed the statutory and consolidated financial statements for FY 2023-2024 as approved by the General Management and certified by the company's statutory Auditors.
The Bonduelle Group's sales for the fiscal year 2023-2024 ended June 30, 2024 amounted to 2,371.8 million euros, an increase of +2.7% on a like-for-like basis(1). After taking into account the exchange rate variations, it shows a decline of -1.4% on reported figures.
Current operating income increased by +30.5% on a like-for-like basis(1) and +14.3% on a reported figures with the current operating margin of 3.2% on a reported figures higher than the communicated guidance.
Key figures
(In millions of euros)
2023-2024
2022-2023
Variations
Sales
2,371.8
2,406.2
-1.4%
Current operating income
75.3
65.9
+14.3%
Net result
-119.8
14.5
N/A
Activity by Geographic Region
Total consolidated sales (In millions of euros)
2023-2024
2022-2023
Variation Reported figures
Variation Like-for-like basis(1)
Europe Zone
1,558.2
1,508.1
3.3%
2.9%
Non-Europe Zone
813.6
898.1
-9.4%
2.4%
Total
2,371.8
2,406.2
-1.4%
2.7%
Activity by Operating Segments
