The Bonduelle Group reported sales of €2.20 billion (US$2.36 billion) for fiscal year 2024/25, down 0.9 per cent on reported figures and 0.8 per cent on a like-for-like basis. Current operating income reached €83.8 million (US$89.8 million), up 0.2 per cent from the previous year, with a current operating margin of 3.8 per cent compared with 3.7 per cent in 2023/24. These results mark the completion of the first year of the company's "Transform to Win" plan.
Regional performance
The Europe Zone accounted for 61.5 per cent of activity, posting a 3.9 per cent decline in sales on reported figures and 4.1 per cent on a like-for-like basis. Canned and frozen sales showed recovery late in the year, while fresh processed activities in France and Italy recorded volume and value growth, particularly in the prepared segment.
The Non-Europe Zone, representing 38.5 per cent of activity, rose 4.4 per cent on reported figures and 4.9 per cent on a like-for-like basis. North America returned to growth with a 4.9 per cent increase, supported by double-digit growth in meal solutions. The Eurasia and Emerging Markets region grew 3.8 per cent on reported figures and 5.5 per cent on a like-for-like basis.
© Bonduelle
Profitability
Group profitability was stable year-on-year. Europe recorded lower profitability due to weaker private label sales and competition from Chinese imports, though branded activities such as Bonduelle and Cassegrain performed well. Non-Europe operations improved by €10.9 million (US$11.7 million) on a like-for-like basis, driven by higher margins in the Americas and Eurasia. Group-wide efficiency programs and cost management contributed, while marketing investment increased by 8 per cent.
Including non-recurring items of -€10.8 million (US$11.6 million), mainly linked to U.S. logistics optimizations and restructuring costs, operating income stood at €73.0 million (US$78.2 million), compared with -€56.4 million (US$-60.4 million) the previous year. Net income from continuing operations was €19.7 million (US$21.1 million), or 0.9 per cent of sales, compared with -€108.1 million (US$-115.7 million) in 2023/24.
Discontinued operations
Following disposals of its packaged salad businesses in Germany (March 2025) and France (July 2025), results from these activities were recorded as discontinued operations, totaling -€31.2 million (US$-33.4 million). The group's consolidated net income for 2024/25 was -€11.5 million (US$-12.3 million), compared with -€119.8 million (US$-128.3 million) the previous year.
Outlook
For 2025/26, Bonduelle targets current operating profitability of €90 million (US$96 million) on a like-for-like basis, supported by branded sales growth, improved agro-industrial performance, and cost control measures.
To view the full report, click here.
© BonduelleFor more information:
Bonduelle Group
Tel: +33 (0) 6 34 32 24 23
Email: [email protected]
www.bonduelle.com