Danone records sales growth during HY2019
Boosted by the performance of its baby food products in China.
Danone posted a 2.5% increase in like-for-like sales in the second quarter as it was boosted by the performance of its baby food products in China. The company posted sales of €6.5 billion for the quarter, with each of its segments posting positive figures.
For the first half of the year, like-for-like sales were up 1.7% to €12.65 billion and like-for-like operating income rose 6.4% to €1.86 billion.
Within the specialised nutrition division, baby food sales in China delivered positive growth following three consecutive quarters of decline. Danone drew attention to increased baby food sales in low-tier Chinese cities and through e-commerce.
Danone CEO Emmanuel Faber said: “Our first-half results demonstrate our continued focus on the combination of strong execution and progress in the transformation of Danone, in order to drive agility and resilience, and deliver consistent profitable growth".
© EFA News - European Food Agency Srl