Bonduelle has released its full-year results for the period ended 30 June 2018, revealing that it achieved record growth in 12-month revenue and profitability.
The France-based company said that it had achieved an 'all-time high in revenue and profits', with growth driven by external expansion and a significant increase in profitability.
Yearly revenue jumped 21.4 per cent from €2.29bn to €2.78bn, due to the 'full-year consolidation of the Ready Pac Foods acquisition and the resilience of the historical scope of the group's business'.
Bonduelle's net result for the year came in at €72.3m, rising 20.9 per cent on the €59.8m recorded in 2016/17.
'This good operational and financial performance, achieved in a still sluggish consumer environment in Europe and USA and in a slow, but improving one in Eastern Europe, demonstrates the validity of the group's business model, diversified geographically, in business segments (canned, frozen, fresh ready-to-eat), and in distribution networks (retail and food service), coupled with a growth strategy that combines organic growth and acquisitions,' the group noted.
'The completion of the acquisition of the Del Monte business in Canada highlights the group's ambition for development in plant-based products.'
Meanwhile, Bonduelle Fresh Americas has announced the appointment of Mary Thompson to the position of chief executive officer, a move that is effective 8 October.
Thompson will lead the day-to-day management of Bonduelle Fresh Americas and develop a strategic vision and approach for profitable growth, giving consumers across the Americas more ways to get fresh vegetables and plant-based foods.
