Core Insights - Bonduelle Group's sales for the first half of fiscal year 2024-2025 amounted to €1,119.4 million, reflecting a decline of 1.5% on a like-for-like basis and 1.7% on reported figures compared to the previous fiscal year [2][6][20] - The growth in branded activities was 1.9%, highlighting the strategic focus on brand development, while the private label segment saw a significant decline of 6.9% [3][6] - The company is in the process of selling its packaged salad activities in France and Germany, which will be reported under "net income from discontinued operations" [4][13][21] Sales Performance - Total sales in the Europe Zone decreased by 5.6% on reported figures and 5.8% on a like-for-like basis, primarily due to a drop in private label canned activities [6][9] - The Non-Europe Zone experienced growth of 4.8% on reported figures and 5.8% on a like-for-like basis, driven by strong retail sales in North America [11][12] - Sales by operating segments showed a decline in canned products by 6.7%, while fresh processed products grew by 4.7% [8][26] Financial Reporting - The financial statements will exclude the packaged salad activity in France and Germany in accordance with IFRS 5, affecting the reported sales figures [4][21] - The company plans to recognize a non-recurring item related to the redundancy plan and restructuring of the head office in the financial statements by December 31, 2024 [15][20] Future Outlook - Bonduelle Group will announce its sales and profitability outlook for the 2024-2025 fiscal year on March 5, 2025 [20][25]
BONDUELLE - 2024-2025 First Half Year Sales : Growth in branded activities and group's sales in slight downturn