First Quarter FY 2022-2023 Revenue
First Quarter FY 2022-2023 Revenue
(July 1 – September 30, 2022)
Growth driven by price increases in the first quarter
Based on the group’s new scope of activities, the Bonduelle Group’s revenue for the 1st quarter of financial year 2022-2023 amounted to € 571.3 million, representing a growth of 10.9% at current exchange rates and 4.4% at constant exchange rates.
The strengthening of the Russian ruble compared with the first quarter of the previous year and the continued weakening of the euro against the US dollar generated an additional growth due to exchange rates evolution of +6.5%.
Activity grew in all of the group’s business units, except for Bonduelle Fresh Americas (BFA), which was still penalized by a loss of volumes, partially offset by price increases.
The summer was once again marked in many parts of the world by record heat waves, rainfall deficits and other drought phenomena that had never been seen before.
These elements have weighed on volumes as well as agricultural and industrial yields.