Frozen Food

Some highlights:

• Category outperforms (+3.3%) total FMCG (+2.1%) for the region to p/e Feb ’18 
• Spain, Italy and Germany are three countries where underlying volumes are growing.
• Netherlands and UK are flat, while the French Grocery Category is suffering both in volume and value terms
• Five key factors driving growth:  Innovation, Convenience, Healthy eating, Value for money, Waste reduction