(AOF) – Bonduelle’s turnover in the third quarter of its 2021-2022 financial year amounted to 725.9 million euros, an increase compared to the previous financial year of 7.6% in data. reported and 4% like-for-like after taking into account currency fluctuations, mainly the strengthening of the US and Canadian dollars. No change in scope occurred during the quarter. Over the first 9 months of the financial year, sales amounted to 2.17 billion euros, up 2.5% on a reported basis and 1% on a like-for-like basis.
The Europe zone posted an increase of 9.4% on a comparable basis over the quarter to 336 million euros, while the rest of the world fell by 0.5% to 389.9 million.
By segment, Canned and Frozen respectively increased by 9.7% and 9.6% on a comparable basis, Fresh fell by 5.6%.
“As in the first 6 months of the financial year, activity is returning to a more normalized growth rate, marked by subdued demand in mass distribution and sustained growth in out-of-home catering supported over the quarter by comparison bases favorable”, explained the agri-food group.
Given the evolution of the activity over the first 9 months of the financial year, the necessary changes in prices negotiated or to be negotiated taking into account cost inflation, and despite an uncertain health, geopolitical and consumer context, the group confirms its activity growth objective of 3% and is aiming for a stable current operating margin compared to the previous financial year, ie 3.6% of turnover at constant exchange rates and perimeter.
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A booming fair trade in France
This trade has almost tripled in five years, reaching 1.83 billion euros in 2020 in France. Based on a more profitable model for producers in southern countries, it was developed by the NGO Max Havelaar in 1988. The latter labels 90% of fair trade in the world with a total of 10.7 billion dollars in 2019 This trade is 95% food products. Coffee, chocolate, bananas and cane sugar account for three quarters of sales. On our territory, the NGO will label wheat from the Gers and milk from Poitou-Charentes. The French market is developing through mass distribution, which represented 54% of sales in 2020 compared to 42% in 2018. However, while organic represents 6.5% of consumption in France, the share of fair trade is limited to 1.5%.