Bonduelle - Activity and profitability expected below target for 2021-2022 and fair value of the North America fresh business assets under review

BONDUELLE

A French SCA (Partnership Limited by Shares) with a capital of 57 102 699,50 Euros
Head Office: La Woestyne 59173 Renescure, France
Registered under number: 447 250 044 (Dunkerque Commercial and Companies Register)

Activity and profitability expected below target for 2021-2022

and fair value of the North America fresh business assets under review

The Bonduelle Group has indicated that, considering the preliminary business indicators for the fourth quarter of the 2021-2022 fiscal year, on the one hand, an unprecedented wave of inflation affecting all cost components, which became stronger over the period, on the other hand, and lastly, given that the recovery of its fresh business in North America has begun but is more difficult than expected, growth in revenues and current operating margin should be below the communicated guidances of respectively +3% and 3.6% on a like-for-like basis* for the full year.

The difficulties encountered by the Bonduelle Fresh Americas business unit lead the group to review its medium-term profitability prospects, which may result in the impairment of tangible and/or intangible assets and deferred tax assets of this business.

* at constant currency exchange rate and scope of consolidation basis.

Press Contacts :

For Bonduelle :
Benjamin ZEHNDER - RP carrées - Tel : +33 (0)6 76 41 18 19
email: benjamin.zehnder@becoming-group.com
Vanessa VAZZAZ - RP carrées - Tel : +33 (0)6 34 32 24 23
email: vanessa.vazzaz@becoming-group.com