Danone reports ”solid” growth29 Oct 2015
Danone has announced what it describes as solid organic growth with third-quarter sales up 4.6% on a like-for-like basis and 4.2% as reported. Positive contributions came from all Danone businesses, the company said.
Danone has announced what it describes as solid organic growth with third-quarter sales up 4.6% on a like-for-like basis and 4.2% as reported. Positive contributions came from all Danone businesses, the company said, despite variations within emerging countries. Europe grew by 5.1%, CIS and North America by 3.2% and ALMA by 4.7%. Danone confirmed its 2015 targets of organic sales growth of between 4% and 5%, and a slight rise in trading operating margin.“Solid third-quarter organic sales growth of 4.6% confirms our progress towards sustainably anchoring a balanced profitable growth model for Danone,” said Emmanuel Faber, CEO. “In Europe, while the Fresh Dairy Products division continues its adaptation, with sustained improvements in the performance of key brands such as Actimel, Activia and Danette, other divisions continue to show solid trends, noting particular strength of Waters with evian and Volvic. In North America, we gradually return to growth in Dairy. In the CIS, we continue to adapt our model, delivering positive results. Finally, in ALMA, the environment remains unstable and performance varies from one country to another. We are actively transitioning our Mizone brand in China towards a lower pattern of category growth. I am fully confident that we have long built unique positions in the best long-term potential food and beverage categories. As we expect to navigate in a persistently volatile world, the priority of the Executive Committee and of all Danone teams will remain to deliver profitable growth while strengthening the resilience of our business model."
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