Danone: Q3 sales up 1.4%
(CercleFinance.com) - Danone has reported Q3 sales of 6.
2 billion euros, down 4.4% as reported, although up 1.4% in comparable terms, with a 3.3% rise in terms of value more than offsetting a 1.9% decrease in volumes.
Excluding Morocco where the agri-food group continues to face the consequences of a boycott movement, Q3 sales are up 2.2% in comparable data and are up 3.8% over the last nine months.
“We also have the foundations in place to navigate current emerging market volatility and currency headwinds, which will enable us to continue to deliver sustainable profitable growth,” said Emmanuel Faber, who therefore confirmed the group's FY guidance.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
2 billion euros, down 4.4% as reported, although up 1.4% in comparable terms, with a 3.3% rise in terms of value more than offsetting a 1.9% decrease in volumes.
Excluding Morocco where the agri-food group continues to face the consequences of a boycott movement, Q3 sales are up 2.2% in comparable data and are up 3.8% over the last nine months.
“We also have the foundations in place to navigate current emerging market volatility and currency headwinds, which will enable us to continue to deliver sustainable profitable growth,” said Emmanuel Faber, who therefore confirmed the group's FY guidance.
Copyright (c) 2018 CercleFinance.com. All rights reserved.