The Bonduelle group has announced a like-for-like organic increase of 4.6% in turnover for the first quarter of its 2016-2017 financial year, generating €479.8 million.
The French vegetable company's reported sales were up 3.7% 'after taking into account the negative impact of foreign exchange rates.'
"Despite an encouraging performance for Q1, we expect a continuation of this trend for Q2 before changing our [stock exchange] recommendation caution,” said investment bank Natixis, as quoted by Boursier.com.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly. To subscribe to ESM: The European Supermarket Magazine, click here.