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Danone credits “health-focused portfolio” for solid H1 results
['Thomas West']
FoodManufacture.co.uk
Danone registered a 4.2% rise in like-for-like sales to €6.7 billion in Q2, driven by a 1.9% contribution from volume growth and a 2.3% increase from pricing.
The Paris-based firm described its performance as “solid” and illustrating the relevance of its “health-focused” portfolio.
In its half-year results, Danone reported sales growth of 3.5% on a like-for-like basis to €13.9 billion, with volume increasing by 1.7%.
Overall, the company reported recurring operating income of €1.85 billion, marking an increase of 2.3% year on year.
H1 reported sales rose by 1.4%, including a positive scope effect of 0.7%, boosted by the integration of Kate Farms and the joint venture with Saputo Dairy Australia.