RENSCURE, France – French agro-food giant Bonduelle reported a near-stable first-half turnover of €1.111 billion for the period July 1, 2025, to December 31, 2025, despite what the company described as “exceptional headwinds.” The results, released Thursday, show a slight decrease of 0.7% compared to the €1.119 billion reported for the same period last year, but a 0.3% increase on a comparable basis.
The company, headquartered in Renescure in northern France, cited massive, late-framed imports of Chinese corn and increased pressure from distributor brands on pricing as key challenges. A major agricultural crisis in the United States also impacted performance, according to a statement from Bonduelle Director General Xavier Unkovic.
“The Bonduelle Group has embarked on its ‘Transform to Win’ plan 18 months ago, with a transition phase that has already yielded tangible results,” Unkovic said. “The Group’s B Corp certification, the reorganization by geographical areas and the disposal of loss-making bagged salad activities clearly illustrate the relevance of the strategic choices and our willingness to move effectively along our progress trajectory.”
The company’s current operating result stands at €50.5 million, a 5.1% increase from the €48.0 million reported in the first half of 2024-2025. The current operating margin is 4.5%, up from 4.3% last year. Net income from continuing operations rose to €20.4 million, an 18.5% increase from €17.2 million.
Bonduelle’s consolidated net income reached €56.5 million, a significant turnaround from the €5.0 million loss reported during the same period last year. This improvement is largely attributed to the positive impact of the sale of its bagged salad businesses in France and Germany.
The company’s European zone, representing 60.7% of its activity, saw a 0.2% increase on a comparable basis and 0.3% in published figures. Growth was driven by the Cassegrain brand in France and the Bonduelle brand in emerging countries, as well as increased sales to distributor brands in Europe following the implementation of customs duties on Chinese corn imports.
Outside of Europe, the company’s performance was down 2.2% in published figures, but up 0.5% on a comparable basis. The Eurasia and emerging markets region continued to be a growth driver, increasing by 6.7% on a comparable basis. While, the U.S. Market experienced a 3.1% decline due to inflationary pressures and a challenging consumer environment.
Bonduelle’s canned goods segment saw a 3.7% increase in turnover, while frozen goods rose by 1.6%. The fresh processed foods segment, however, experienced a 7.5% decline, attributed to intense competition in the Italian bagged salad market and unfavorable weather conditions impacting the French catering business.
The company’s net financial result was -€15.5 million, an improvement from -€17.8 million in the previous year, due to lower average debt interest rates. The tax burden was €13.8 million and the share of profit from the Nortera Foods associate was €4.1 million.
Bonduelle’s net financial debt at December 31, 2025, stood at €770.0 million, compared to €755.5 million the previous year. The debt-to-equity ratio improved to 1.16 from 1.23.
The company recently received B Corp certification for 100% of its global operations, a recognition of its commitment to sustainability and responsible business practices.
Looking ahead, Bonduelle anticipates a current operating margin of €80 million for the fiscal year ending June 30, 2026, citing ongoing challenges in the European and American markets. The company will present its third-quarter results on May 5, 2026, and its full-year results on October 2, 2026.
