News

Danone reports sales growth

2 Aug 2016

Danone has reported “solid” half year 3.8% sales growth (4.1% for the quarter) and a 13.37% uplift in recurring operating margins together with 13.5% EPS growth.

Danone has reported “solid” half year 3.8% sales growth (4.1% for the quarter) and a 13.37% uplift in recurring operating margins together with 13.5% EPS growth. The company confirmed its full year guidance.

“With organic sales growth above 4% in the second quarter and a very strong improvement in margin and EPS this semester, Danone demonstrated once again its capacity to successfully rebalancing its growth model and transforming its way to operate to deliver immediate key priorities while ensuring progress on its journey towards Strong, Sustainable and Profitable growth by 2020,” said CEO Emmanuel Faber. “We continue to implement our agenda to transform the company and increase the resilience of our business model. Our decision in June to upgrade the margin guidance for 2016 is further evidence of Danone’s attention to ensure that any decision of investment enables to reach short and long-term objectives in a disciplined manner. With fast-evolving dynamics in some emerging markets and an environment that remains complex, we are sticking to our priorities and the Q2 results reflect key steps in our journey, notably in Dairy with confirmed success in the US and sequential improvement in Europe. It is the case, as well, in Early Life Nutrition with significant progress in sustainable channels. I am truly grateful to everyone at Danone for working together in a way that has delivered important transforming achievements at a time the company adapts itself to take up challenges and opportunities for its future and, carry out its mission by actively encouraging healthier eating and drinking habits.”