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2014-05-06

BONDUELLE - Quarter 3 FY 2013-2014 Turnover: Solid performance of the Bonduelle Group

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

Quarter 3 FY 2013-2014 Turnover
(1stof January - 31stof March 2014)

Solid performance of the Bonduelle Group for Quarter 3
Turnover growth: + 5.6%*

The Bonduelle Group's turnover stands at € 458.4 million for the third quarter
of FY 2013-2014, a growth of + 5.6% on a like for like basis* and + 1.5%
after adjustment for currency exchange rates.
This acceleration in growth of the group, achieved despite an unfavourable
calendar effect (Easter falling in the fourth quarter) and an economic,
geopolitical, ever-changing and unsettled climate, allows to report an
increase up by + 5.1% on a like for like basis* and by + 1.1% on reported
figures for the first 9 months of FY 2013-2014.

Activity by Geographic Region

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Total consolidated turnover 9 months 9 months Current Constant scope of consolidation and exchange Q3 Q3 Current Constant scope of consolidation and exchange rates |
| rates |
| FY FY |
|(in € millions) 2013-2014 2012-2013 exchange rates exchange rates |
| |
| 2013-2014 2012-2013 |
|Europe 945.3 937.9 + + 1.8% 312.7 308.- + 1.5% + 1.6% |
| 0.8% |
|Zone |
|Non-Europe 500.8 493.- + 1.6% + 12.-% 145.7 143.5 + + 15.1% |
| 1.5% |
|Zone |
|Total 1,446.1 1,430.9 + 1.1% + 5.1% 458.4 451.5 + 1.5% + 5.6% |
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Activity
by Operating Segments

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Total consolidated turnover 9 months 9 months Current Constant scope of consolidation and exchange Q3 Q3 Current Constant scope of consolidation and exchange rates |
| exchange rates rates exchange rates |
| FY FY |
|(in 2013-2014 2012-2013 |
|€ |
|millions) 2013-2014 2012-2013 |
|Canned 781.6 751.3 + 4.-% + 7.3% 234.8 232.9 + 0.8% + 4.7% |
|Frozen 400.2 409.5 - 2.3% + 4.5% 135.8 133.6 + 1.6% + 8.7% |
|Fresh 264.3 270.1 - 2.2% + 0,-% 87.8 85.- + 3.2% + 3.2% |
| |
|processed |
|Total 1,446.1 1,430.9 + 1.1% + 5.1% 458.4 451.5 + 1.5% + 5.6% |
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Europe Zone

Despite an unfavourable calendar effect, the Europe zone (65 % of cumulated 9
months sales) posted positive growth of + 1.6%* over Quarter 3.
This improvement, when compared to last quarter (+ 1,-%), is driven primarily
by a steady sales performance of the canned operating segment, both brand
(Bonduelle and Cassegrain) and private labels and by the fresh processed
segment returning to positive growth thanks to a significant recovery of the
bagged ready-to-eat salad activity in Italy.
Conversely, the frozen activity remains affected by a gloomy food service
sector that is offset, in part only, by an impressive growth of the frozen
Bonduelle brand in retail sales.

Non-Europe Zone

In the non-Europe zone (35 % of cumulated 9 months sales), growth accelerated
in Quarter 3, up by + 15.1%*, driven by a strong sales development in
Northern America (frozen market expansion in the USA, sustained activity in
Canada) and in Brazil over Quarter 3.
Eastern Europe continues to show strong growth despite a geopolitical context
affecting the consumption climate.

Outlooks

The first nine months of activity and the success of the complete meal tray
offer in "fresh snacking" allow to confirm the objective raised in February
2014 of achieving a turnover growth of + 4%, at constant exchange rates, and
an all time high current operating profit of € 106-107 million, again at
constant exchange rates.

*at constant currency exchange rate and scope of consolidation basis

Next financial events:

- 2013-2014 FY Turnover : 7thof August 2014 (prior to stock
exchange trading session)
- 2013-2014 FY Results : 30thof September 2014 (prior to stock
exchange trading
session)

About Bonduelle

Bonduelle, a family business, was established in 1853. Its mission is to be
the world reference in "well-living" through vegetable products. Prioritising
innovation and long-term vision, the group is diversifying its operations and
geographical presence. Its vegetables, grown across more than 128,000
hectares all over the world, are sold in 100 countries under various brand
names and through various distribution channels and technologies. Expert in
agro-industry with 57 industrial sites or own agricultural production,
Bonduelle produces quality products by selecting the best crop areas close to
its customers.
Bonduelle is listed on the NYSE - Euronext compartment B - Indices: CAC
MID&SMALL - CAC ALL-TRADABLE - CAC ALL SHARES
Code ISIN: FR0000063935 - Code Reuters: BOND.PA - Code Bloomberg: BON FP
AvisFinancier140506enGB
http://hugin.info/143377/R/1782606/610208.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BONDUELLE via Globenewswire

HUG#1782606

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