Quarterly business performance in line with objectives
First Quarter FY 2021-2022 Revenue
(July 1 – September 30, 2021)
Quarterly business performance in line with objectives
– Stable revenue in line with expectations for the first quarter of this financial year
– Business activity returning to normal in retail and gradually recovering in the out-of-home channel
– Annual guidance confirmed in a sharp inflationary context and an uncertain health climate
The Bonduelle Group’s revenue stands for the 1st quarter of FY 2021-2022 at € 672.5 million, a change from the previous financial year of -1.2% based on reported figures and -0.5% on a like for like basis*. The continued quarterly weakening of the US dollar and the Russian rouble against the Euro was partially offset by a favourable effect of a stronger Canadian dollar and resulted in a negative exchange rate impact on business activity of -0.7%. No change in the group’s scope of consolidation occurred over the period.
This decline in activity, as expected, reflects the residual shortfall in products linked to poor crops in summer 2020, a recovery in out-of-home business activities coupled with a normalization of the volumes sold in retail.