Danone: Q1 sales down 3.3%

(CercleFinance.com) - Danone's consolidated Q1 2021 sales came in at 5.
7 billion euros, down 3.3%, like-for-like, with a 3.7% decline in volume and a 0.3% increase in value.

Reported sales fell by 9.4%, mainly due to negative currency effects (-7.0%).

In the first quarter, sales of dairy and plant-based products rose 1.6% like-for-like, with a 0.5% increase in volume and +1.1% in value.

Revenues of the specialised nutrition business fell by 7.7% like-for-like, with a 7.0% decline in volume and -0.7% in value.

The water business recorded a decrease of -11.6% like-for-like, including a 11.2% decrease in volume and -0.4% in value.

Danone expects a return to like-for-like growth as from Q2, as well as a return to profitable growth from the second half of the year. It expects its 2021 underlying operating margin to be broadly in line with that of 2020.


Copyright (c) 2021 CercleFinance.com. All rights reserved.