French prepared food specialist Bonduelle has announced that it acheived 'solid turnover' for the fiscal year 2016/17, up 16.3 per cent at current exchange rates to €2.2bn.
According to Bonduelle, the performance was fuelled by solid organic growth and the consolidation of Ready Pac Foods at the end of the fiscal year.
'This performance reflects the group's strong resilience despite unfavourable circumstances - sluggishness of the consumption in Europe, economic crisis in emerging countries, difficult harvests - and its ability to seize promising growth opportunities,' the group said in a statement.
'While consolidated for only a quarter, the acquisition of Ready Pac Foods has profoundly changed the group's profile, highlighting its international expansion via activities outside Europe and through the business development of its ready-to-eat segment, search for new sources of growth that are capital employed efficient.'
