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Regulated informations 2012-2013


2012 - 2013

Financial annual report

Financial Notice

Presentation /

Annual Result 2012/2013 /

 Remarkable growth of activity and profitability 
in a difficult climate for the Bonduelle Group


• Turnover increase in line with the objectives and strong organic growth(1)
• Record current operating profitability at 105.6M€
• Very successful integration of the 2012 acquisitions
• Strengthened financial structure and adjusted gearing(2) ratio downward to 101.6%

Financial Year Turnover /

 Strong reported Turnover growth in line with the objectives:  + 7.3% 

• Substantial annual turnover increase at € 1, 896.1 M

• Positive organic* growth (+ 1.9%) in a difficult consumption environment

• Worsening of the consumption climate confirmed over Quarter 4 

• Reinforcement of the Group international expansion outside Europe

 

 

 

Quarter 3 FY 2012/2013 Turnover /

Significant slowdown in activity in Europe: -2.9%*

Robust activity outside Europe: +7.2%*

For quarter 3 (1st of January 2013 – 31st of March 2013), the Bonduelle Group’s turnover recorded a 5% growth on reported figures, -0.3% on a like for like basis*, after adjustment for currency exchange rates (-0.1%) and scope of consolidation (+5.3%).

Bonduelle’s nominal share value split on the 28th of March 2013 /

 As approved during its Annual General Meeting held on the 6th of December 2012, on the 28th of March 2013, the General Partner will divide the Bonduelle’s share nominal value by 4, going from €7 to €1.75 and therefore swopping each current share of €7 to 4 new shares of €1.75, keeping the same dividend rights, hence resulting in the number of shares being multiplied by 4.

First half year 2012/2013 Financial Results /

 Strong turnover and profitability growth in line with the annual objectives

  • Strong reported turnover growth: + 11.3%
  • Solid brand sales in Europe
  • Operating profitability up to 14.2%
  • Strong financial structure post external growth transactions
  • Satisfactory integration of the 2012 acquisitions 

 

 

Half Financial Year Turnover 2012-2013 /

Strong Half FY Turnover in line with the annual objectives: + 11.3%
Q2 extremely dynamic: + 15%

For the FY 2012/2013 first half year, the Bonduelle Group’s Turnover reached € 979.3 million (1st of July 2012 – 31st of December 2012), an 11.3% increase as reported figures. Thanks to a strong dynamic second quarter (+ 15%), the Group resumed an internal growth of + 2.2%. It also benefitted from some favorable exchange rate effects (+ 2.1%) and from the various acquisitions done over the previous FY (+ 7.-%).

FY 2012/2013 First Quarter Turnover /

Growth in line with annual objectives: + 7.3%

For the first quarter of financial year 2012/2013 (1st of July 2012 to 30th of September 2012), the Bonduelle Group reported a turnover of € 448.4 million, compared with € 417.8 million the previous financial year, ie a 7.3% increase of reported turnover and a decrease of 0.9% at constant exchange rate (foreign exchange effects: + 2.- bps) and consolidation scope (consolidation effects: + 6.2 bps).

Annual Results 2011 - 2012 /

The Bonduelle Group announces an inaugural bond issue on the European private placement market /

Presentation /

General information

Bonduelle renforce son financement avec la mise en place d’un Revolving Credit Facility pour un montant de 300 millions d’euros /

Le Groupe Bonduelle annonce la signature d’une ligne RCF (Revolving Credit Facility) d’une maturité de 5 ans (juin 2017) avec remboursement in fine pour un montant de 300 millions d’euros.

Cette ligne de crédit, très largement sur-souscrite, a été mise en place avec un pool bancaire international composé de :

  • BNP Paribas, Crédit Agricole Nord de France, Groupe BPCE en tant que Mandated Lead Arrangers book runners,
  • HSBC France, Mediobanca et Groupe Société Générale en tant que Mandated Lead Arrangers,
  • CIC Nord-Ouest en tant qu’Arranger.

Cette ligne de crédit s’inscrit dans le cadre des trois acquisitions annoncées début 2012 (usines de surgelés d’Allens aux USA, usines de conserves de légumes de Globus en Russie et de Kelet-Food en Hongrie) et permet de faire face, dès à présent, aux échéances de remboursement de la composante obligataire des Obsaar 2007 et 2009 prévues en 2012 et 2013.

Cette opération permet au groupe de bénéficier d’une flexibilité financière et d’une liquidité accrues dans des conditions très compétitives, améliorant son coût moyen de financement, aujourd’hui limité à 3,5%, tout en accroissant la maturité de sa dette.

Ce refinancement illustre le soutien renouvelé de son pool bancaire historique mais également la confiance de nouveaux partenaires financiers et permettra au groupe de poursuivre son développement et l’internationalisation de son activité.
Le Groupe Bonduelle a été conseillé dans cette opération par le cabinet de conseil en opérations financières, bfinance à Paris et le cabinet d’avocats Wilkie Farr & Gallagher également à Paris. Les banques, quant à elles, ont été conseillées par le cabinet d’avocats Hogan Lovells.

Contacts – Presse
Catherine Richard – RP carrées Tel: 03 28 52 00 51 / P : 06 09 25 14 61 Email: catherine.richard(at)rp-carrees(dot)com
Anne-Sophie Joly – RP carrées Tél. 03 28 52 03 98 Email : asophie.joly(at)rp-carrees(dot)com

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