French fresh and processed vegetables group Bonduelle has announced a 34 Per cent increase in the value of its shares on the stock exchange since January 2002, which it claims have been achieved thanks to investments in logistics and production.
The improvement, which compares well with a European sector average of 10 Per cent, is also attributed to strong growth in the group's earnings and profitability during the period in question. Furthermore, Bonduelle is set to enter the MidCac index on 13 May.
According to Francis Pretre of CLSE Small Caps, these initiatives have enabled Bonduelle to raise its operating margin from 3.5 per cent in 1999 to 5.1 per cent in its current financial year ending 30 June. At the same time, its earnings have risen thanks to new outlets for tinned vegetables on the eastern European and Latin America markets, along with growth in its fresh- and frozen-food activities.