BONDUELLE - First Half Year 2012/2013 Turnover: Strong Half FY Turnover

5 februari 2013 BONDUELLE A French SCA (Partnership Limited by Shares) with a capital of 56,000,000 Euros - Head Offices: La Woestyne 59173 Renescure, France Business registration number: B 447 250 044 (Dunkerque Registrar of Businesses) - finance@bonduelle.com First Half Year 2012/2013 Turnover 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 (1(st) of July 2012 - 31(st) 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.-%). Activity by Geographic Region +------------+---------+---------+--------+--------+---------+---------+--------+--------+ |Consolidated|   |   |   |Exchange|   |   |Current |Exchange| | Revenues |1(st) HY |1(st) HY |Current | Rates | 2(nd) | 2(nd) |Exchange| Rates | | (in € |2012-2013|2011-2012|Exchange|and LFL | quarter | quarter | rate |and LFL | | millions) | | | rate | basis |2012-2013|2011-2012| | basis | +------------+---------+---------+--------+--------+---------+---------+--------+--------+ |Europe Zone | 629.9 | 631.3 | - 0.2% | - 0.2% | 331.5 | 326.7 | 1.5% | 1.2% | +------------+---------+---------+--------+--------+---------+---------+--------+--------+ |Non-Europe | 349.4 | 248.4 | 40.7% | 8.-% | 199.4 | 135.1 | 47.6% | 13.8% | |Zone | | | | | | | | | +------------+---------+---------+--------+--------+---------+---------+--------+--------+ |Total | 979.3 | 879.7 | 11.3% | 2.2% | 530.9 | 461.8 | 15.-% | 5.-% | +------------+---------+---------+--------+--------+---------+---------+--------+--------+ Business Operating Segments +------------+---------+------+--------+--------+---------+---------+--------+--------+ |Consolidated| |   | |Exchange| |   | |Exchange| | Revenues |   |1(st) |Current | Rates | 2(nd) | 2(nd) |Current | Rates | | (in € |1(st) HY | HY |Exchange|and LFL | quarter | quarter |Exchange|and LFL | | millions) |2012-2013| 2011-| rate | basis |2012-2013|2011-2012| rate | basis | | | | 2012 | | | | | | | +------------+---------+------+--------+--------+---------+---------+--------+--------+ |Canned | 518.4 |489.7 | 5.9% | 3.5% | 298.5 | 267.1 | 11.8% | 8.5% | +------------+---------+------+--------+--------+---------+---------+--------+--------+ |Frozen | 275.8 |205.1 | 34.5% | 0.9% | 144.2 | 105.- | 37.4% | 2.1% | +------------+---------+------+--------+--------+---------+---------+--------+--------+ |Fresh | 185.1 |184.9 | 0.1% | 0.1% | 88.2 | 89.7 | - 1.8% | - 1.8% | |processed | | | | | | | | | +------------+---------+------+--------+--------+---------+---------+--------+--------+ |Total | 979.3 |879.7 | 11.3% | 2.2% | 530.9 | 461.8 | 15.-% | 5.-% | +------------+---------+------+--------+--------+---------+---------+--------+--------+ Europe Zone Following a Q1 marked by a negative evolution (- 1.8%) *, Q2, for the Europe Zone, achieved a return to growth of + 1.2% *, resulting into a positive and stable performance over this first half year, on both like for like basis and reported figures * (- 0.2%). Bonduelle and Cassegrain brands strong dynamism observed in Q1 in all of the technologies (canned, frozen, fresh processed) is confirmed in Q2. The sluggish consumption can still be observed, and affects more specifically the private label operating segment. Half Year performance is the result of the Bonduelle Group's support strategy on branded product innovations and marketing activities. Non-Europe Zone The Non-Europe Zone showed over Q2 a strong double digit growth of 13.8% on a like for like basis * and a 47.6% on reported figures. The robust internal growth was supported by the acquisitions done in the USA, Russia and Hungary last FY. Over this half FY, the Non-Europe Zone amounted to 36% of the Group's activities. In Russia and the CIS, business remained buoyant in terms of volume and value over a pretty traditionally dynamic period. The Non-Europe Zone also benefitted from a Southern America's solid growth, coupled with a Northern America's resilience and some negotiated price increases following the poor harvests observed in this region. Half Year FY registered an 8% increase on a like for like basis and 40.7% reported figures. Overlook Q2 performance allows the Group to confirm its annual turnover objectives of 8% and an operational profitability of 5% to 10% for FY 2012/2013. * at constant currency exchange rate and scope of consolidation basis Next financial events: - 2012/2013 Half FY Results        :        28(th) of February 2013 (prior to stock exchange trading session) - 2012/2013 3(rd) Quarter FY Turnover        :         2(nd) of May 2013 (prior to stock exchange trading session) AvisFinancier130205enGB.pdf: http://hugin.info/143377/R/1675229/545665.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: BONDUELLE via Thomson Reuters ONE [HUG#1675229]