Bonduelle – Annual Results 2019-2020: Upward sales and resilient profitability in a context

Significant results

The Bonduelle Group reappears with a profit expansion in 2019-2020 despite an unprecedented fitness crisis that had a contrasting effect on the business at this time of year, as these cases adversely affected the group’s profitability. monetary functionality and fitness remain strong. This fitness crisis has highlighted, as the main player in the agri-food sector, the commitment of all the workers in the group to ensure the continuity of the origin of the markets as well as the values of solidarity that drive them. relevance of a diversified portfolio of activities in terms of technologies, distribution channels, geographies and long-term strategy.

income

Important occasions of the year and upcoming occasions

The circle of control of the relative shareholders, the administrators and the control of the corporate united in the Covid-19 crisis According to the press release of May 29, 2020, will propose in the General Meeting a relief of 20% in the same old distribution ratios of the group. of the General Shareholders’ Meeting of December 3, 2020 for the dividend of the 2019-2020 monetary year This transfer has won by the Supervisory Board The members of the Supervisory Board of Bonduelle SCA and the Board of Directors of Bonduelle SA have taken 20% of their attendance sheets, while the chairman and members of the Executive Board reduced their constant remuneration by 20% during the lockout period , these sums help fund the bonus of workers who have never stopped running in the factory and who have proudly committed legitimate concerns, to ensure access to food for all. The cash raised also compensates for the loss of wages of the worst-paid workers and is helping workers facing sensitive medical situations.

Bonduelle, founding member of B Movement Builders Inspired by the leadership of Certified B Corporation’s global community, B Movement Builders is a coalition of publicly traded multinational corporations with the vision of reshaping the global economy to establish price creation for all stakeholders. it’s the first of its kind. Together, founding corporations have total sales of approximately $60 billion and 250,000 employees. The founders of B Movement Builders are the Bonduelle Group, the Gerdau steel mill, the fragrance and scent company Givaudan and the Magalu store, with Danone and Natura.

Bonduelle is optimizing its investment by implementing a 300 million euro Neu CP programme. In a constant quest to optimize its financing instruments, Bonduelle has launched a short-term negotiable debt (Neu CP) programme of three hundred million euros. The inaugural factor was carried out on 29 July 2020 under specific and competitive conditions, once revaluing investors’ confidence in the group’s monetary strength. This program, which provides access to a new, disintermediated and flexible short-term investment resource, replaces the displayed investment lines left to the group.

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