Moderate Growth for Saint Jean Groupe in the First Quarter of 2024

Saint Jean Groupe recorded a growth of 2.05% in its turnover in the first quarter of 2024, reaching 31.89 million euros compared to 31.25 million euros in the same period the previous year. This moderate progression is mainly supported by the SAINT JEAN and DEROUX FRERES companies.

In a competitive environment marked by a 1.9% drop in mass-market sales of fresh self-service products, performance in dumplings was solid, thanks to significant gains in market share. The simple pasta category, and more particularly gnocchi, also saw a favorable trend. However, sales of stuffed pasta experienced a temporary decline, in anticipation of the launch of a new range planned for April 2024.

Regarding distribution, organic products remain behind in mass distribution, even if they show signs of recovery in specialized networks. The catering sector recorded a notable increase, especially for delivered sales and snacking offers.

The affiliated company DEROUX FRERES also saw its turnover grow by 1.48%, with an increase in volumes of 10.8% compared to the previous year, benefiting from the end of the avian flu in Europe.