Bonduelle shaken after a profit warning


The French vegetable specialist has admitted that he will not be able to meet his 2021-2022 objectives. On the stock market, the title is at its lowest since 2009.

BONDUELLE

Bonduelle shaken after a profit warning | Photo credits: Bonduelle

Is it a surprise? Not really ! In a short press release published Monday evening, the vegetable specialist launched a profit warning targeting its staggered 2021-2022 fiscal year, which ended in June. ” Given the first activity indicators for the fourth quarter of the 2021-2022 financial year on the one hand, an unprecedented wave of inflation affecting all cost components and accentuating over the period on the other and lastly, a recovery that has begun but is more difficult than expected in its fresh products business in North America, growth in sales and current operating margin should fall below the communicated objectives of 3% and 3% respectively. .6% at constant scope and exchange rates for the full year “Said the northern group. To make matters worse, it could write down tangible and/or intangible assets on the Bonduelle Fresh Americas branch and revise its medium-term profitability outlook downwards. ” Inflation also weighs on this activity, which is much more sensitive than long-life activities (canned and frozen). », Comments the analyst from the firm TP Icap Midcap. Already, at the end of the first nine months of the financial year, doubts were allowed on the achievement of the objectives insofar as the growth in turnover had been limited to 2.5% in published data and to 1% organic. On the stock market, the title, already under pressure, is heavily sanctioned: it falls by 11%, to 13.46 euros, its lowest level since 2009.

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