Head office: "La Woestyne" - 59173 Renescure - FranceBonduelle a French S.C.A (Partnership limited by Shares) with a capital of 57 102 699,50 eurosRegistered under number: 447 250 044 (Dunkerque Commercial and Companies Register)
2025-2026 First Half Year sales and financial results(July 1, 2025, December 31, 2025)
The Bonduelle Group demonstrates its resilience in a particularly demanding environment
In accordance with IFRS 5 accounting standards, the income statements relating to the packaged salads activities in France and in Germany disposed on March 31, 2025 for activities in Germany and on July 17, 2025 and with retroactive effects from July 1, 2025 for activities in France, are reported in the income statement of the reported financial statements under the heading "net income from discontinued operations".
Message from Xavier Unkovic - Chief Executive Officer:
The Bonduelle Group launched its "Transform to Win" transformation plan 18 months ago with a transition phase that has already yielded tangible results. The group's B Corp certification, the reorganization by geographic areas, and the disposal of the loss-making salad business activities concretely illustrate the relevance of our strategic choices and our commitment to moving forward effectively on our path to progress.
Faced with exceptional headwinds in the first half of the year, the group is demonstrating its resilience and extending the transition period to allow for a rebound in the coming fiscal years. In the first half of 2025-2026, the group is maintaining near-stable revenue and profitability, despite a particularly demanding environment: massive imports of Chinese corn belatedly regulated and from which the European market will take another 18 months to recover, increased pressure from private label brands on prices, a major agricultural crisis in the United States, etc.
The group's financial recovery is underway and will continue in the 2025-2026 fiscal year, driven by the growth of our brands and by the demand for operational excellence, in European and American markets still under pressure.
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The 2025-2026 half year financial statements were approved by the General Partner, then reviewed by the Supervisory Board of February 26, 2026 and have been subject to a limited review by the Statutory Auditors.
Business activity - Key figures
(in millions of euros)
1st half year2025-2026
1st half year 2024-2025
Variation
Sales
1,111.1
1,119.4
-0.7%
Current operating income
50.5
48.0
+5.1%
Current operating margin
4.5%
4.3%
+25 bps
Net income from continuing operations
20.4
17.2
+18.5%
Consolidated net income
56.5
-5.0
N/A
Current operating cash flow (1)
-126.8
-133.8
+5.2%
Sales
The Bonduelle Group's sales for the 1st half year of fiscal year 2025-2026 amounted to 1,111.1 million euros, thus a variation of +0.3% on a like‑for‑like basis (2) and -0.7% on reported figures. This performance, in a weak consumption environment in Europe and the United States, was fueled by the growth of the Cassegrain brand in France, the Bonduelle brand in emerging countries, as well as by the growth of private labels sales in Europe following the introduction of customs duties on Chinese corn imports.
Sales for Q2 of fiscal year 2025-2026 increased by +1.1% on a like-for-like basis (2) and +0.5% on reported figures thanks to a more favorable dynamic in business activity at the end of the period in the Europe zone.
Activity by Geographical Region
Total consolidated sales(in millions of euros)
1st half year2025-2026
1st half year 2024-2025
Variation Reported figures
Variation Like-for-like basis (2)
2nd quarter 2025-2026
2nd quarter 2024-2025
Variation Reported figures
Variation Like-for-like basis (2)
Europe Zone
674.0
672.3
0.3%
0.2%
