French plant-based food firm Bonduelle posts lower FY operating profit

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(Reuters) – French plant-based food company Bonduelle on Monday reported a drop in its full-year operating profit, citing the COVID-19 crisis, unfavourable weather conditions impacting agricultural crops, wage inflation and the disorganisation of supply chains.

The group, which provides canned, frozen and fresh processed vegetables as well as ready-to-eat dishes, posted an operating profit of 96.6 million euros ($94.6 million), excluding IFRS, for the year ended June 30, compared to 100.4 million euros last year.

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($1 = 1.0213 euros)