Danone: Q1 sales up 0.8% LFL, in line with expectations
(CercleFinance.com) - Danone has posted Q1 2019 sales of 6,138 million euros, up 0.
9% as reported and up 0.8% in comparable data, with an increase of 3% in terms of value and a 2.2% decrease in volume.
"The first quarter showed a start of the year in line with expectations and further progress in our transformation journey," said Chairman and CEO Emmanuel Faber, who pointed out the sale of Earthbound Farm and the roll-out of value-added innovations.
In 2019, the agri-food group will continue progress towards its targets for 2020. For the current year, it targets around 3% sales growth in comparable data, with an underlying operating margin of over 15%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
9% as reported and up 0.8% in comparable data, with an increase of 3% in terms of value and a 2.2% decrease in volume.
"The first quarter showed a start of the year in line with expectations and further progress in our transformation journey," said Chairman and CEO Emmanuel Faber, who pointed out the sale of Earthbound Farm and the roll-out of value-added innovations.
In 2019, the agri-food group will continue progress towards its targets for 2020. For the current year, it targets around 3% sales growth in comparable data, with an underlying operating margin of over 15%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.