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

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

                                  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                     Current  Exchange   2^nd      2^nd    Current  Exchange
  Revenues    1^st HY   1^st HY  Exchange  Rates    quarter   quarter  Exchange  Rates
   (in €     2012-2013 2011-2012   rate   and LFL  2012-2013 2011-2012   rate   and LFL
 millions)                                 basis                                 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                      Current  Exchange   2^nd      2^nd    Current  Exchange
  Revenues    1^st HY   1^st HY   Exchange  Rates    quarter   quarter  Exchange  Rates
   (in €     2012-2013 2011-2012   rate   and LFL  2012-2013 2011-2012   rate   and LFL
 millions)                                  basis                                 basis
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

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