BONDUELLE

A French SCA (Partnership Limited by Shares) with a capital of 56,000,000 Euros 
Head Offices: La Woestyne 59173 Renescure, France 

Business registration number: 447 250 044 (Dunkerque Registrar of Businesses)   

First Quarter FY 2016-2017 Turnover
(1st of July - 30th of September 2016)

Sustained growth of the activity over Q1
for the Bonduelle Group

The Bonduelle Group's turnover stands for Q1 of FY 2016-2017 at 479.8 million of Euro, an increase of + 4.6% on a like for like basis* and + 3.7% based on reported figures after taking into account the negative impact of foreign exchange rates.

Activity by Geographic Region

Total consolidated
turnover (in € millions)
From 1st of July to
30th of September 2016
From 1st of July to
30th of September 2015
Variation at current exchange rates Constant scope of consolidation and exchange rates
Europe Zone 314.1 311.8 0.7% 0.8%
Non-Europe Zone 165.7 151.1 9.7% 12.5%
Total 479.8 462.9 3.7% 4.6%

Activity by Operating Segments

Total consolidated
turnover (in € millions)
From 1st of July to
30th of September 2016
From 1st of July to
30th of September 2015
Variation at current exchange rates Constant scope of consolidation and exchange rates
Canned 221.1 217.- 1.9% 3.-%
Frozen 148.4 136.8 8.5% 10.-%
Fresh Processed 110.3 109.1 1.-% 1.-%
Total 479.8 462.9 3.7% 4.6%

Europe Zone

The Europe zone returned to growth over Q1 to record an increase of + 0.8% on a like for like basis* and + 0.7% based on reported figures. The 3 operating segments - canned, frozen and fresh processed - achieved positive growth over the period, driven by the good sales performance of the national brands (Bonduelle, Cassegrain), the food-service market recovery for frozen products and despite the lowering of prices for private labels products implemented in summer 2015 which will continue to have an impact on the turnover trend until the end of the first half of FY 2016-2017.

Non-Europe Zone

The non-Europe zone recorded a double-digit growth rate at + 12.5% on a like for like basis* and + 9.7% based on reported figures, notably fuelled by the excellent performances observed in North America and the early encouraging results of the Bonduelle branded canned range repositioning in Brazil.
In Eastern Europe, even if the activity remained pretty volatile over a quarter that is traditionally weaker, the activity of the Bonduelle and Globus brands recorded an encouraging increase in volume over the period.

Highlight

The Bonduelle Group, whose 2015-2016 sustainability report on corporate social and environmental responsibility complies with the Global Reporting Initiative (GRI) requirements, has once again been included into the Gaïa Index, a benchmark index on CSR performance of French medium size companies. Part of the index since it was set up in 2009, the Bonduelle Group is ranked 13th out of 230 companies and saw its overall rating upgraded with an index reaching 90/100, translating the progress made by the group in terms of safety at work, preservation of natural resources and communication with shareholders.

Outlooks

The growth recorded over Q1, enjoying favourable comparison bases, enables to confirm the activity growth objectives of + 2 to 3% with a stability of the operating profitability over FY 2016-2017 at constant exchange rates.

* At constant scope of consolidation and exchange rates

Next financial events:

- Annual General Meeting:                                1st of December 2016
- 2016-2017 1st Half Year Turnover:                           1st of February 2017 (after stock exchange trading session)
- 2016-2017 1st Half Year Results:                        2nd of March 2017 (prior to stock exchange trading session)

About Bonduelle

Bonduelle, a family business, was established in 1853. Its mission is to be the world reference in "well-living" through vegetable products. Prioritising innovation and long-term vision, the group is diversifying its operations and geographical presence. Its vegetable, grown over 128.000 hectares all over the world, are sold in 100 countries under various brand names and through various distribution channels and technologies. Expert in agro-industry with 54 industrial sites or own agricultural production, Bonduelle produces quality products by selecting the best crop areas close to its customers.
Bonduelle is listed on Euronext compartment B
Euronext indices: CAC MID & SMALL - CAC ALL TRADABLE - CAC ALL SHARES
Bonduelle is part of the Gaïa non-financial performance index and employee shareholder index (I.A.S.)
Code ISIN : FR0000063935 - Code Reuters : BOND.PA - Code Bloomberg : BON FP

Attachments:

http://www.globenewswire.com/NewsRoom/AttachmentNg/7ef4bff6-d202-41e2-af5a-744b4ad92df1