Danone reports first half up in results
Danone
Net sales for dairy giant Danone reached €13,757 million in the first half of 2024, up 4% on a like-for-like (LFL) basis, with positives in each category. CEO Antoine de Saint-Affrique noted, “We have delivered a strong performance for the first half of the year, demonstrating consistency in delivering quality growth. We keep driving our category growth, further fuelling our platforms, High Protein, Medical Nutrition, Coffee Creations and Away-from-Home.”
That being said, the deconsolidation of EDP Russia and Horizon Organic Wallaby had a negative impact on sales on a reported basis, down by 4.1% and a strong negative impact from scope.
In North America, sales increased by 5%, with strong performances from Oikos yogurt, International Delight creamers and Stok. China, North Asia and Oceania saw improvements of 8.4% in like for like sales growth, with specialised nutrition strongest.